HF2637 Summary

• $100,000,000 appropriated from state fiscal recovery fund (American Rescue Plan Act funds) in fiscal year 2022 for grants to nonprofit arts and cultural organizations that suffered financial losses during COVID-19 pandemic.

• Eligible organizations must be 501(c)(3) nonprofits with primary operations in Minnesota, have received prior funding from state arts/cultural entities, demonstrate 25% or greater reduction in gross receipts between comparable 2019 and 2020 quarters, and be operating on May 1, 2020 with likelihood of operation through May 1, 2022.

• Grant amounts range from $10,000 to $725,000 based on 2019 total revenue reported on IRS Form 990, with the same tiered structure applied to both directly-classified arts organizations and arts programs within larger host institutions.

• Grant funds must be used for operating expenses only and all unspent funds must be returned to the general fund by December 31, 2023; the appropriation is available only until that date.

• Commissioner of Employment and Economic Development must submit a report to legislature by January 15, 2023 detailing the use of all funds under this program.