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MN SF3918

Bill

Status

Introduced

4/9/2018

Primary Sponsor

Julie Rosen

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Increases the budget reserve account cap from $1,596,522,000 to $1,608,364,000 for allocating additional general fund revenues.

  • 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.

  • Eliminates the clean water fund transfer provision that previously required $22,000,000 transfers until the fund was fully capitalized.

  • Removes the expiration clause associated with the clean water fund transfer requirement.

  • 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

Committee Referrals

Finance4/9/2018

Full Bill Text

No bill text available