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MN SF3918
Bill
Status
4/9/2018
Primary Sponsor
Julie Rosen
Click for details
AI Summary
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Increases the budget reserve account cap from $1,596,522,000 to $1,608,364,000 for allocating additional general fund revenues.
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Maintains the priority allocation order for positive general fund balances, including cash flow account ($350,000,000), budget reserve account, school district aid payments, and net aid reduction restoration.
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Eliminates the clean water fund transfer provision that previously required $22,000,000 transfers until the fund was fully capitalized.
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Removes the expiration clause associated with the clean water fund transfer requirement.
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Amends Minnesota Statutes 2017 Supplement, section 16A.152, subdivision 2, relating to state finances and budget management.
Legislative Description
Budget reserve account cap increase; obsolete transfer and expiration clause elimination
Last Action
Referred to Finance
4/9/2018