SF 3206 Summary

• Establishes statutory definition of "transfer" as the authorization to move state money from one fund, account, or agency to another, requiring it to reduce money in one location and increase the same amount elsewhere.

• Changes the November budget forecast delivery deadline from "the end of the first week of December" to December 6.

• Requires the commissioner of management and budget to prepare a detailed general fund balance analysis by October 15 of each odd-numbered year and provide it to legislative committees and post on the agency website.

• Increases the budget reserve account target from $2,377,399,000 to $2,852,098,000.

• Repeals Minnesota Statutes section 16A.98 (Tobacco Securitization Bonds) and updates section 16A.97 to reference only section 16A.99 for tobacco bond authority.