Minnesota SF4851: Nanoparticle iron nitride permanent magnet manufacturing facility appropriation

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 24, 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

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Sponsors

• Aric Putnam (D) · primary sponsor
• Jeff Howe (R)
• Doron Clark (D)
• Rich Draheim (R)