Transfer money for the emerging entrepreneur loan program

This bill transfers $2 million from Minnesota's general fund to the Emerging Entrepreneur Loan Program special revenue fund for fiscal year 2027. The transfer is a one-time allocation that allows the commissioner of employment and economic development to use up to four percent of the funds for program administration and monitoring. The legislation directly affects the Emerging Entrepreneur Loan Program by providing additional financial resources to support its operations. This action is designed to fund the program without creating new revenue sources or changing existing program eligibility requirements.