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MN SF4549

Bill

Status

Introduced

5/4/2020

Primary Sponsor

Thomas Bakk

Click for details

Origin

Senate

91st Legislature 2019-2020

AI Summary

  • 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.

  • Increases the budget reserve account target from $1,596,522,000 to $2,358,698,000 before additional revenues are allocated to other purposes.

  • 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.

  • 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

Committee Referrals

Jobs and Economic Growth Finance and Policy5/4/2020

Full Bill Text

No bill text available