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HF 2157

Mille Lacs County; Lake Mille Lacs area economic relief program loan forgiveness provided.

2025-2026 Regular Session Introduced by Ron Kresha

HF 2157 would establish a Mille Lacs County Lake Mille Lacs area economic relief loan-forgiveness program, administered by DEED, to forgive qualifying local loans.

Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy
#counties-specific #employmentandeconomicdevelopmentdepartment
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Bill Summary · HF 2157

Summary of HF 2157: Mille Lacs County; Lake Mille Lacs area economic relief program loan forgiveness provided

Quick take

  • Bill number: HF 2157
  • Title: Mille Lacs County; Lake Mille Lacs area economic relief program loan forgiveness provided
  • Status: Introduction and first reading; referred to the House committee on Workforce, Labor, and Economic Development Finance and Policy
  • Introduced: March 12, 2025
  • Subject: Counties-specific initiatives; Employment and Economic Development Department (DEED) administration

Purpose and intent

Based on the bill’s title, HF 2157 aims to create a program in Mille Lacs County (specifically the Lake Mille Lacs area) that provides loan forgiveness as an economic relief measure. The designation “county-specific” suggests a targeted relief initiative rather than a statewide program. The administration is indicated to be through the Employment and Economic Development Department (DEED).

Note: The actual legislative language detailing exact objectives, eligibility criteria, funding sources, and forgiveness terms is not provided here. The summary reflects the bill’s stated purpose in its title and introductory actions.

Key provisions (as of available information)

  • The bill would establish a lake-area, Mille Lacs County economic relief loan forgiveness program.
  • Administration would be by DEED (per the subject line referencing the department).
  • Specifics such as who qualifies (e.g., small businesses, property owners, residents), the size of loan forgiveness, forgiveness formula or thresholds, funding source, repayment terms, and reporting requirements are not listed in the information provided.
  • Possible ancillary provisions in the full text could include funding appropriations, sunset or renewal dates, accountability measures, and conditions attached to forgiveness.

Who would be affected

  • Mille Lacs County and the Lake Mille Lacs area residents, business owners, and possibly lenders participating in the program.
  • DEED would administer the program, requiring staffing, oversight, and reporting.
  • Other state agencies may be involved if matching funds or related compliance are required.

Procedural and timeline notes

  • Introduction and first reading occurred on March 12, 2025.
  • The bill has been referred to the House committee on Workforce, Labor, and Economic Development Finance and Policy for consideration, amendments, and potential advancement.
  • Typical subsequent steps, if advanced, include committee hearings, possible amendments, floor votes in the House, passage to the Senate, and eventual conference or enactment, subject to legislative calendars and veto considerations.

Next steps for readers

  • Review the full text of HF 2157 when available to confirm eligibility rules, funding details, and the scope of forgiveness.
  • Monitor committee hearings and fiscal notes from the Workforce, Labor, and Economic Development Finance and Policy committee for clarifications on cost, administration, and oversight.
  • Watch for any related budget provisions or companion bills that may impact or mirror this proposal.

Compiled from official sources — confirm details with the bill’s official record.

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