Transfer money for the 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: Pha, Housley
Last action: 2026-03-09
Official status: Introduction and first reading
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

2026-03-09 House
Introduction and first reading

Official Summary Text

Transfer money for the 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.
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TRANSFER; EMERGING ENTREPRENEUR LOAN PROGRAM.
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$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.

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