Senator Tomassoni moved to amend S.F. No. 4
Page 1, after line 5, insert:
"Section 1. Minnesota Statutes 2016, section 116J.423, subdivision 2, as amended by
Laws 2017, chapter 94, article 7, section 9, is amended to read:
Subd. 2. Use of fund.
The commissioner shall use money in the fund to make loans to
1.6public or private entities
, including forgivable loans, equity investments, or grants for
infrastructure in mineral, steel, energy,
or any other industry processing, production,
manufacturing, or technology project that would enhance the economic diversification
that is located within the taconite assistance area as defined under section
commissioner must, prior to making any loans or equity investments and after consultation
with industry and public officials, develop a strategy for making loans, equity investments,
or grants for infrastructure that
the taconite assistance area in retaining and
enhancing its economic competitiveness. Money in the fund may also be used to pay
the costs of carrying out the commissioner's due diligence duties under this section."
Amend the title accordingly
The motion prevailed. #did not prevail. So the amendment was #not adopted.