Minnesota SF 4302: Fire department equipment grants appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to state finances; conforming the budget reserve limit to the existing amount​
1.3 in the budget reserve account; amending Minnesota Statutes 2024, section 16A.152,​
1.4 subdivision 2.​
1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.6 Section 1. Minnesota Statutes 2024, section 16A.152, subdivision 2, is amended to read:​
1.7 Subd. 2.Additional revenues; priority.(a) If on the basis of a forecast of general fund​
1.8 revenues and expenditures, the commissioner of management and budget determines that​
1.9 there will be a positive unrestricted budgetary general fund balance at the close of the​
1.10 biennium, the commissioner of management and budget must allocate money to the following​
1.11 accounts and purposes in priority order:​
1.12 (1) the cash flow account established in subdivision 1 until that account reaches​
1.13 $350,000,000;​
1.14 (2) the budget reserve account established in subdivision 1a until that account reaches​
1.15 $2,852,098,000 $3,421,764,000;​
1.16 (3) the amount necessary to increase the aid payment schedule for school district aids​
1.17 and credits payments in section 127A.45 to not more than 90 percent rounded to the nearest​
1.18 tenth of a percent without exceeding the amount available and with any remaining funds​
1.19 deposited in the budget reserve; and​
1.20 (4) the amount necessary to restore all or a portion of the net aid reductions under section​
1.21 127A.441 and to reduce the property tax revenue recognition shift under section 123B.75,​
1.22 subdivision 5, by the same amount.​
1​Section 1.​
26-07779 as introduced​03/04/26 REVISOR SGS/MI​
SENATE​
STATE OF MINNESOTA​
S.F. No. 4302​NINETY-FOURTH SESSION​
(SENATE AUTHORS: MARTY)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​6577​03/09/2026​
Referred to Finance​
See SF4612​

2.1 (b) The amounts necessary to meet the requirements of this section are appropriated​
2.2 from the general fund within two weeks after the forecast is released or, in the case of​
2.3 transfers under paragraph (a), clauses (3) and (4), as necessary to meet the appropriations​
2.4 schedules otherwise established in statute.​
2.5 (c) The commissioner of management and budget shall certify the total dollar amount​
2.6 of the reductions under paragraph (a), clauses (3) and (4), to the commissioner of education.​
2.7 The commissioner of education shall increase the aid payment percentage and reduce the​
2.8 property tax shift percentage by these amounts and apply those reductions to the current​
2.9 fiscal year and thereafter.​
2.10 EFFECTIVE DATE.This section is effective the day following final enactment.​
2​Section 1.​
26-07779 as introduced​03/04/26 REVISOR SGS/MI​