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Capital IconMinnesota Legislature

Legislative Session number- 81

Bill Name: SF0861

Creating the upper Red Lake business loan program; authorizing the commissioner
of trade and economic development (DTED) to make interest free loans to
businesses in the upper Red Lake area severely affected by the significant
decline of the walleye fishing resource in the upper Red Lake; specifying
application requirements and providing for allocation of loan funds; specifying
a maximum loan amount and duration; providing for repayment and for loan
forgiveness under certain conditions (ra)