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SF4851 • 2026

Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

Budget
Passed Legislature

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

Sponsor
Putnam, Howe, Clark, Draheim
Last action
2026-03-25
Official status
Introduction and first reading
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.

Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

What This Bill Does

  • Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

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

  1. 2026-03-25 House

    Introduction and first reading

Official Summary Text

Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

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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