Greater Minnesota business development public infrastructure grant program bond issue and appropriation

This bill authorizes the state to sell up to $10 million in bonds to fund grants for the Greater Minnesota Business Development Public Infrastructure Grant Program. The funds will be used to support infrastructure projects in rural and less populated areas of Minnesota through grants administered by the commissioner of employment and economic development. The legislation establishes the legal framework for issuing these bonds and designates the money to come from the bond proceeds fund. It takes effect immediately upon final passage by the legislature.