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MN HF2758

Bill

Official Source

Status

Introduced

3/8/2012

Primary Sponsor

Keith Downey

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Sets maximum general fund spending limit at $33,761,000,000 for fiscal years 2014 and 2015
  • Allows spending limit increases only for education aids payment schedule adjustments (up to 90 percent) and restoration of certain aid reductions under Minnesota Statutes sections 127A.441 and 123B.75
  • Establishes budget reserve at $657,618,000
  • Sets cash flow account at $350,000,000

Legislative Description

General fund spending limits established for fiscal years 2014 and 2015 that freezes state spending at fiscal years 2012 and 2013 spending levels.

Last Action

Author added Runbeck

3/12/2012

Committee Referrals

Ways and Means3/8/2012

Full Bill Text

No bill text available