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MN HF1309
Bill
Status
3/28/2011
Primary Sponsor
Phyllis Kahn
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AI Summary
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Increases the commissioner of management and budget's authority to bill for statewide systems services from $7,520,000 to $10,000,000 per fiscal year, effective July 1, 2013.
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Sets the general fund budget reserve maximum at 4.1 percent of biennial expenditures and transfers, replacing previous fixed transfer amounts.
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Allocates additional forecast balance 50 percent to the budget reserve (up to the maximum) and 50 percent to school aid, property tax shifts, state airports fund, and fire safety account restoration.
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Specifies treatment of bond sale premiums: accrued interest and premiums received on or before December 1, 2012 go to the state bond fund; premiums after that date may go to either the bond proceeds fund or state bond fund.
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Appropriates $692,327,000 total ($344,660,000 for fiscal year 2012 and $347,667,000 for fiscal year 2013) across multiple state agencies and funds including legislature, revenue, retirement systems, veterans affairs, and military affairs.
Legislative Description
State government finance; amount billed by the commissioner of management and budget for statewide services changed, general fund budget reserve maximum amount set, additional forecast balance allocated, credited bond proceeds specified, Environmental Quality Board technical changes made, Enterprise Real Property Technology System funds availability extended, and money appropriated.
Last Action
Motion to recall and re-refer, motion prevailed State Government Finance
4/18/2011