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Finance Committee
Tuesday, April 14, 2026
8:30 AM, 1200 Minnesota Senate Bldg.

Minutes



Present: Senator John Marty - Chair, Senator Nick A. Frentz - Vice Chair, Senator Eric R. Pratt - Ranking Minority Member, Senator Bobby Joe Champion, Senator Rich Draheim, Senator Jeff R. Howe, Senator John R. Jasinski, Senator Mark T. Johnson, Senator Zaynab Mohamed, Senator Erin P. Murphy, Senator Sandra L. Pappas

Absent: Senator Melissa H. Wiklund

Senator John Marty called the meeting to order at 8:39AM

Call to Order


S.F. 4282: Senator Kunesh: Prekindergarten through grade 12 education programs forecast adjustments.

Senator Murphy moved the A2 amendment Senator Pratt requested a roll call There were 5 yes votes and 4 no votes Motion prevailed

Senator Murphy moved that S.F. 4282, as amended, be recommended to pass. - MOTION PREVAILED.

S.F. 3593: Senator Kunesh: Constitutional Amendment proposal to modify the permanent school fund investment, management, and distribution policy.

Senator Murphy moved the A6 amendment Motion prevailed Senator Pratt moved the A7 amendment Jill Schurtz, Executive Director, State Board of Investment, spoke to the amendment Andrew Krech, Deputy Director, State Board of Investment, spoke to the amendment Senator Pratt withdrew the A7 amendment Jill Schurtz spoke to the bill Andrew Krech spoke to the bill Aaron Vande Linde, Director, Office of School Trust Lands, spoke to the bill Senator Pratt moved to lay the bill on the table Senator Marty requested a roll call There were 5 yes votes and 6 no votes Motion did not prevail Senator Pappas moved that SF 3593, as amended, be recommended to pass and be referred to the Rules Committee Senator Marty requested a roll call There were 11 yes votes and 0 no votes Motion prevailed

Senator Pappas moved that S.F. 3593, be recommended to pass and re-referred to the Rules and Administration Committee. - MOTION PREVAILED.

The meeting was adjourned at 9:59AM


 
                                                                      
Senator John Marty, Chair
                                                                      
Killian Becker, Legislative Assistant