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Bill > HF4753
MN HF4753
MN HF4753General fund surplus dollars required to be allocated to the disaster assistance contingency account.
summary
Introduced
03/07/2024
03/07/2024
In Committee
04/15/2024
04/15/2024
Crossed Over
04/15/2024
04/15/2024
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to disaster relief; requiring the allocation of general fund surplus dollars to the disaster assistance contingency account; amending Minnesota Statutes 2022, section 16A.152, subdivision 1b; Minnesota Statutes 2023 Supplement, section 16A.152, subdivision 2.
AI Summary
This bill amends Minnesota Statutes to require that any general fund surplus dollars be allocated to the Disaster Assistance Contingency Account, up to a maximum of $50 million, after first depositing funds in the Cash Flow Account and the Budget Reserve Account. The purpose is to ensure that the state has adequate funds available to respond to and recover from disasters. The bill also makes some technical changes to the existing statutory language around budget reserve levels and allocations of additional general fund revenues.
Committee Categories
Budget and Finance, Justice
Sponsors (2)
Last Action
Referred to Finance (on 04/15/2024)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Domestic Disaster Relief
Macroeconomics
- ‐ National Budget and Debt
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF4753&ssn=0&y=2023 | 03/07/2024 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4753&version=0&session=ls93&session_year=2024&session_number=0&format=pdf | 03/07/2024 |
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