HF4097 • 2026

Money transferred for emerging entrepreneur loan program.

Small Business

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Frazier, Johnson, W., Johnson, P., Zeleznikar, Norris
Last action: 2026-03-18
Official status: Author added Norris
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Money transferred for emerging entrepreneur loan program.

What This Bill Does

Money transferred for emerging entrepreneur loan program.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-18 House
Author added Norris
2026-03-09 House
Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy

Official Summary Text

Money transferred for emerging entrepreneur loan program.

Current Bill Text

Read the full stored bill text

A bill for an act

relating to economic development; transferring money for the emerging

entrepreneur loan program.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.
new text begin
TRANSFER; EMERGING ENTREPRENEUR LOAN PROGRAM.
new text end

new text begin

$2,000,000 in fiscal year 2027 is transferred from the general fund to the emerging

entrepreneur program special revenue fund account under Minnesota Statutes, section

116M.18. The commissioner of employment and economic development may use up to

four percent of this transfer for administration and monitoring of the program. This is a

onetime transfer.

new text end