|Senate Counsel & Research||State of Minnesota|
|S.F. No. 3539 -Economic Development Policy Conformance with Environmental policy; First Engrossment|
|Author:||Senator Ellen R. Anderson|
|Prepared by:||Darlene Sliwa, Senate Research (651/296-1890)|
|Date:||March 10, 2008|
Section 1, subdivision 1, defines "green economy" for the purpose of the section.
Subdivision 2 requires the Commissioner and the Job Skills Partnership Board to cooperate to promote job training that complements green economy business development.
Section 2, subdivision 1a, paragraph (a), adds a project that advances or promotes a green economy to the list of redevelopment projects that the Commissioner must prioritize when determining which projects will receive grants in the event that applications exceed appropriations. The Commissioner must choose projects that provide the highest return in public benefits for the public costs incurred.
Section 3, subdivision 4, adds a project that promotes or advances a green economy to the list of conditions that the Commissioner is required to consider when evaluating project eligibility for a grant through the Minnesota investment fund.
Section 4 requires the Commissioner to submit a report to the legislative committees with jurisdiction over energy, environment, and economic development policy or finance by January 15, 2009. The report must analyze all state grant and loan programs administered by a state agency so that a plan, specific to each program, may be developed to optimize the growth of a green economy.
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