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MN HF4337
Bill
Status
Introduced
4/9/2018
Primary Sponsor
Jim Knoblach
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AI Summary
- Eliminates the clean water fund transfer provision from Minnesota Statutes section 16A.152, subdivision 2, which previously authorized transfers of up to $22,000,000 to the clean water fund
- Removes the expiration clause that stated the clean water fund transfer would expire after the entire $22,000,000 amount had been transferred
- Retains four priority allocations for positive unrestricted general fund balances: cash flow account ($350,000,000), budget reserve account ($1,596,522,000), school district aid payment schedule increases (up to 90 percent), and restoration of net aid reductions with property tax shift reductions
- Maintains existing provisions requiring the commissioner of management and budget to certify reductions to the commissioner of education within two weeks after forecast release
Legislative Description
Obsolete transfer and expiration clause eliminated.
Last Action
Introduction and first reading, referred to State Government Finance
4/9/2018
Committee Referrals
State Government Finance4/9/2018
Full Bill Text
No bill text available