MN HF4616

Reduces citizen member terms on the Legislative-Citizen Commission on Minnesota Resources from four years to two years, with a limit of two consecutive terms per citizen member.

Changes water system improvement loan authority from discretionary commission votes to legislative appropriations of up to 20 percent of trust fund principal when it equals or exceeds $200,000,000.

Simplifies interest rate calculation for water system loans to a flat one percent rate instead of the greater of one percent or 50 percent of secondary market Treasury bill yields.

Reorganizes the priority order for trust fund expenditures to emphasize capital projects for state parks and natural resource preservation as the top priority.

Repeals the citizen selection committee procedures and removes subdivision 1a, eliminating the requirement for a separate Trust Fund Citizen Selection Committee.