SF 112 Summary

• Creates a protest response fund with $327,290,000 appropriated from the general fund to provide forgivable loans to businesses and organizations in Minneapolis and St. Paul areas directly affected by property destruction from May 28-June 1, 2020.

• Establishes eligibility requirements for forgivable loans including proof of lack of private insurance coverage and a five-year minimum residency requirement in the local community to qualify for loan forgiveness.

• Requires Commissioner of Employment and Economic Development to report to legislature on loan program criteria before awarding grants and provide a comprehensive report on grants and loans by December 31, 2021.

• Modifies COVID-19 relief fund allocations by transferring $20,889,000 to public health response, $50,000,000 to public health contingency account, and $150,000,000 to health care response fund, with adjustments to fund availability dates.

• Appropriates $1,250,000 to Second Harvest Heartland food banks for purchasing milk and protein products from Minnesota processors and producers for distribution to food shelves and charitable organizations.