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MN SF4549
Bill
Status
5/4/2020
Primary Sponsor
Thomas Bakk
Click for details
AI Summary
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Allocates $20,000,000 to the Minnesota 21st century minerals fund as a priority when positive general fund balance exists at the end of the biennium.
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Increases the budget reserve account target from $1,596,522,000 to $2,358,698,000 before additional revenues are allocated to other purposes.
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Redirects loan repayments from the small business emergency loan program that originated from the Minnesota 21st century fund account to the general fund instead of back to the original fund.
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Renumbers budget allocation priorities in the revenue distribution sequence, with school district aid increases and property tax shift reductions now ranked as the fourth and fifth priorities.
Legislative Description
Minnesota 21st century minerals fund reimbursement; budget reserve forecast calculation adjustment; fund receiving small business loan repayments modification
Last Action
Referred to Jobs and Economic Growth Finance and Policy
5/4/2020