The Minnesota Senate today passed a sweeping coronavirus relief package, the third in a series of bills aimed at protecting Minnesotans and securing critical programs throughout the ongoing pandemic.
The legislation includes loans for farmers and businesses with less than 250 employees, relief for individuals seeking unemployment benefits, childcare assistance, help for low income Minnesotans and veterans, stability for college students, and more.
The bill also creates a COVID-19 Minnesota Fund that will be responsible for COVID-19-related expenditures. This account will include legislative oversight to guarantee coronavirus funding is used with accountability and integrity.
“I know there are so many Minnesotan out there who are worried about this virus – not just about catching it, but about the potential economic consequences,” said Senate Finance Chair Julie Rosen (R-Vernon Center). “I understand the anxiety, and I am thrilled we were able to pass this bill to make sure workers, farmers, small business owners, and all other Minnesotans are able to make it through this crisis as unscathed as possible. It is a challenging time for all of us, but knowing how resilient Minnesotans are, I am certain we will make it through.”
Notable provisions included in the bill:
- COVID-19 MINNESOTA FUND: The bill creates a COVID-19 Minnesota Fund in the state treasury to pay expenditures related to the peacetime emergency, with legislative oversight for accountability and integrity of the funding.=
- UNEMPLOYMENT RELIEF: Similar to a recent executive order by Gov. Walz, the legislation makes it easier for workers hurt by the coronavirus to get unemployment, by removing barriers like waiting periods and job-search requirements.
- PROTECTING SMALL BUSINESSES: The bill provides emergency loans for small businesses and loan guarantees for businesses with fewer than 250 employees through the Department of Employment and Economic Development.
- FAMILIES WITH YOUNG CHILDREN: The bill provides emergency grants to protect childcare access and affordability during the coronavirus peacetime emergency.
- FARMERS: The bill modifies the Rural Finance Authority’s Disaster Recovery Loan program to include infectious diseases, so farmers will have easier access to emergency loans if they are hurt by the coronavirus.
- COLLEGE STUDENTS: The bill protects college students from financial instability by granting the commissioner of higher education authority to guarantee the security of Work Study, SELF loan programs, the State Grant program, and other state grants, aid, and scholarship programs.
- LOW INCOME FAMILIES: The legislation provides additional funding for food shelves to help families affected by the virus get food, toilet paper, diapers, and other critical supplies.
- VETERANS: the bill allocates funding to help veterans and their surviving spouses with lack of childcare, medical bills, loss of work, and numerous other issues due to the coronavirus.
In addition, the bill eases proof of residency requirements for individuals attempting to get a REAL ID, and it extends driver’s license expiration dates for two months after the peacetime emergency period is declared over.