HF2385
University of Minnesota funding provided to perform research in promising industry sectors, and money appropriated.
Legislative Session 94 (2025-2026)
Related bill: SF3108
AI Generated Summary
Purpose
Provide state funding to the University of Minnesota to support research in growing, high-potential industry sectors.
Main provisions
- Amounts: $40,000,000 from the general fund in fiscal year 2026 and another $40,000,000 in fiscal year 2027.
- Recipient: Board of Regents of the University of Minnesota.
- Purpose areas: Biomanufacturing, precision agriculture, hypersonics, and green energy and green iron industries.
- Goal: to advance innovation and new technologies within these sectors.
Intended outcomes
- Increase research activity and development in the specified industries.
- Help position Minnesota researchers and industry partners to accelerate technological advancements and potential economic impact.
Changes to existing law
- Establishes a new appropriation to fund University of Minnesota research in the listed sectors. The excerpt does not specify other statutory changes beyond allocating this funding.
Relevant Terms
- appropriation
- general fund
- Board of Regents
- University of Minnesota
- biomanufacturing
- precision agriculture
- hypersonics
- green energy
- green iron
- innovation
- research funding
- fiscal year 2026
- fiscal year 2027
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 17, 2025 | House | Action | Introduction and first reading, referred to | Higher Education Finance and Policy |
Progress through the legislative process
In Committee