Bill > SF4848

This bill amends Minnesota Statutes to require the allocation of general fund surplus dollars to the disaster assistance contingency account. Specifically, it adds a new provision to the list of priorities for how any positive unrestricted general fund balance at the end of a biennium must be allocated. The new provision requires funds to be allocated to the disaster assistance contingency account until it reaches $50 million. This account is used to provide disaster relief and emergency response funding. The bill aims to ensure a dedicated source of funding is available for disaster assistance when needed.