Nanoparticle iron nitride permanent magnet manufacturing facility funding provided, and money appropriated.

Passed Legislature

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

Sponsor: O'Driscoll, Jordan, Perryman
Last action: 2026-03-26
Official status: Author added Perryman
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2026-03-26 House
Author added Perryman
2026-03-25 House
Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy

Official Summary Text

Nanoparticle iron nitride permanent magnet manufacturing facility funding provided, and money appropriated.

Current Bill Text

Read the full stored bill text

A bill for an act

relating to economic development; appropriating money for a nanoparticle iron

nitride permanent magnet manufacturing facility.

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

Section 1.
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APPROPRIATION; NANOPARTICLE IRON NITRIDE PERMANENT

MAGNET MANUFACTURING FACILITY.
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$50,000,000 in fiscal year 2027 is appropriated from the Minnesota forward fund account

to the commissioner of employment and economic development to match existing federal

funding made available by the Consolidated Appropriations Act of 2026, Public Law 119-75.

This appropriation must be used to construct and operate a nanoparticle iron nitride permanent

magnet manufacturing facility. This appropriation is not subject to the requirements of

Minnesota Statutes, section 116J.8752, subdivision 5. The commissioner may use up to two

percent of this appropriation for administration. This is a onetime appropriation and is

available until June 30, 2030. Any money that remains unspent is canceled to the general

fund.

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