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MN HF2730
Bill
Status
3/7/2012
Primary Sponsor
Morrie Lanning
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AI Summary
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Renames the "Ladder Out of Poverty Task Force" to the "Asset Development and Financial Literacy Task Force"
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Removes the attorney general as a voting member but requires the task force to ensure the attorney general has opportunity to meet with and present views to the task force
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Extends the task force expiration date from June 1, 2012 to June 1, 2014
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Modifies task force duties to focus on reducing asset poverty and increasing household financial security through expansion of programs like Family Assets for Independence in Minnesota (FAIM) and the Earned Income Tax Credit (EITC)
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Shifts the deadline for task force recommendations from June 1, 2012 to the 2013 and 2014 legislative sessions, and changes appointment deadline from August 15, 2010 to August 15, 2012
Legislative Description
Ladder Out of Poverty Task Force renamed and extended, and its duties modified.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
3/7/2012