Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 1273 - Permanent School Fund Compensation (as amended by the A-1 amendment)
 
Author: Senator Carrie Ruud
 
Prepared By: Bjorn E. Arneson, Senate Analyst (651/296-3812)
 
Date: March 20, 2019



 

Sections 1 and 2.  Budget reserve level; additional revenues. Directs the Commissioner of Management and Budget to allocate up to $100 million of any positive unrestricted budgetary general fund balance at the close of a biennium to compensate the school trust lands, provided that higher priorities have been satisfied (cash flow account, budget reserve, school aid payment shift, and school property tax recognition shift). Updates the statutory budget reserve amount to the current balance. Strikes other obsolete language. Makes other technical changes.

 
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: 03/20/2019
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn