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MN SF50
Bill
Status
Introduced
7/20/2020
Primary Sponsor
Jason Rarick
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AI Summary
- Establishes priority allocation order for positive unrestricted general fund balances, prioritizing cash flow account ($350,000,000), budget reserve account ($1,596,522,000), and school district aid payments up to 90 percent
- Allocates funds to restore net aid reductions under section 127A.441 and reduce property tax revenue recognition shifts by equal amounts
- Transfers $22,000,000 to clean water fund beginning fiscal year 2025 and $10,000,000 to renewable development account
- Appropriates $5,000,000 in fiscal year 2021 and $5,000,000 in fiscal year 2022 from renewable development account to agriculture commissioner for bioincentive payments to producers of advanced biofuels, renewable chemicals, and biomass thermal energy
- Requires payments prioritize claimants with unpaid fiscal year 2020 claims, then fiscal year 2021 and 2022 claims, with funds available until June 30, 2024
Legislative Description
Bioincentive programs appropriation; future unrestricted general fund surplus dollars allocation
Last Action
Referred to Rules and Administration
7/20/2020
Committee Referrals
Rules and Administration7/20/2020
Full Bill Text
No bill text available