Minnesota SF4124 modifies grant caps for port development assistance.

Minnesota SF4124 amends the state statutes to change the caps on the amount of state participation in port development assistance. Specifically, it modifies the grant caps for port development assistance by adjusting the percentage of the nonfederal share total cost of any project that the commissioner may not exceed. The bill also ensures that assistance provided under this chapter cannot be used to match any other state funds and that the commissioner does not assume continuing funding responsibility for any commercial navigation facility project.

Minnesota SF4124 modifies grant caps for port development assistance.

Minnesota SF4124 amends the state statutes to change the caps on the amount of state participation in port development assistance. Specifically, it modifies the grant caps for port development assistance by adjusting the percentage of the nonfederal share total cost of any project that the commissioner may not exceed. The bill also ensures that assistance provided under this chapter cannot be used to match any other state funds and that the commissioner does not assume continuing funding responsibility for any commercial navigation facility project.