Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
State of Minnesota
S.F. No. 1815 - Minnesota Investment Fund Local Government Loan Repayment Funds Onetime Restriction Exemption
Author: Senator Eric R. Pratt
Prepared By: Carlon D. Fontaine, Senate Counsel (651/296-4395)
Date: March 6, 2019


Paragraph (a) allows a onetime exception to the restrictions on use of Minnesota investment funds (MIF) for a home rule charter or statutory city, county, or town that has uncommitted money received from repayment of awarded MIF funds. Provides that if the local government transfers 20 percent of the balance of the money to the general fund before June 30, 2020, the local government may use the remaining funds as a general purpose aid for any lawful expenditure.  A similar exception was allowed for MIF in 2017.

Paragraph (b) requires a home rule charter or statutory city, county, or town exercising the option to submit by February 15, 2021, an accounting and explanation of the use and distribution of the funds.


Check on the status of this bill
Back to Senate Counsel and Research Bill Summaries page

This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
Last review or update: 03/06/2019
If you see any errors on this page, please e-mail us at