Agenda - Council Work Session - 04/11/2023

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HF100 NINTH ENGROSSMENT REVISOR BD 1-10100-9 171.1 under this section, are eligible program expenses the commissioner may agree to pay under 171.2 the grant agreement. 171.3 Subd. 6. Program outreach. The commissioner shall make extensive efforts to publicize 171.4 this program, including through partnerships with community organizations, particularly 171.5 those organizations located in areas where long-term residents are eligible to be social equity 171.6 applicants. 171.7 Subd. 7. Reporting requirements. (a) A nonprofit corporation that receives a grant 171.8 shall: 171.9 (1) submit an annual report to the commissioner by February 1 of each vear that the 171. i o nonprofit corporation participates in the program that includes a description of businesses 171.11 supported by the grant program, an account of loans made during the calendar year, the 171.12 program's impact on business creation and job creation, particularly in communities where 171.13 long-term residents are eligible to be social equity applicants, the source and amount of 171.14 money collected and distributed by the program, the program's assets and liabilities, and an 171.15 explanation of administrative expenses; and 171.16 (2) provide for an independent annual audit to be performed in accordance with generally 171.17 accepted accounting practices and auditing standards and submit a copy of each annual 171.18 audit report to the commissioner. 171.19 (b) By March 1, 2024, and each March 1 thereafter, the commissioner must submit a 171.20 report to the chairs and ranking minority members of the committees of the house of 171.21 representatives and the senate having jurisdiction over economic development that details 171.22 awards given through the CanStartup program and the use of grant money, including any 171.23 measures of success toward financing new cannabis microbusinesses and creating jobs in 171.24 communities where long-term residents are eligible to be social equity applicants. 171.25 Sec. 2. [116J.6595] CANNABIS INDUSTRY NAVIGATION GRANTS. 171.26 Subdivision 1. Establishment. The commissioner of employment and economic 171.27 development shall establish CanNavigate, a program to award grants to eligible organizations 171.28 to help individuals navigate the regulatory structure of the legal cannabis industry. 171.29 Subd. 2. Definitions. (a) For the purposes of this section, the following terms have the 171.30 meanings given. 171.31 (b) "Commissioner" means the commissioner of employment and economic development. Article 3 Sec. 2. 171