Minnesota legislation · 94th Legislature 2025-2026
Minnesota HF4683: Nanoparticle iron nitride permanent magnet manufacturing facility funding provided, and money appropriated.
Status: In committee, March 26, 2026
What the bill says
A bill for an act relating to economic development; appropriating money for a nanoparticle iron nitride permanent magnet manufacturing facility. new text begin [ADDED: $50,000,000 in fiscal year 2027 is appropriated from the Minnesota forward fund account to the commissioner of employment and economic development to match existing federal funding made available by the Consolidated Appropriations Act of 2026, Public Law 119-75. This appropriation must be used to construct and operate a nanoparticle iron nitride permanent magnet manufacturing facility. This appropriation is not subject to the re.
From the introduced text, March 25, 2026:
A bill for an act relating to economic development; appropriating money for a nanoparticle iron nitride permanent magnet manufacturing facility. new text begin [ADDED: $50,000,000 in fiscal year 2027 is appropriated from the Minnesota forward fund account to the commissioner of employment and economic development to match existing federal funding made available by the Consolidated Appropriations Act of 2026, Public Law 119-75. This appropriation must be used to construct and operate a nanoparticle iron nitride permanent magnet manufacturing facility. This appropriation is not subject to the requirements of Minnesota Statutes, section 116J.8752, subdivision 5. The commissioner may use up to two percent of this appropriation for administration. This is a onetime appropriation and is available until June 30, 2030. Any money that remains unspent is canceled to the general fund.] new text end
Sponsors
- Tim O'Driscoll (R) · primary sponsor
- Sydney Jordan (D)
- Bernie Perryman (R)