Bill > HF2443

This bill appropriates funds and establishes several key initiatives across multiple state departments and agencies. The Department of Commerce receives approximately $42.4 million in fiscal year 2026 and $43.1 million in fiscal year 2027, with allocations for various purposes including financial institutions, administrative services, enforcement, telecommunications, and insurance. The bill creates a new Common Interest Community Ombudsperson position within the Department of Commerce to assist unit owners and associations in understanding their rights and resolving disputes. The Office of Cannabis Management is allocated $36.4 million in fiscal year 2026 and $39.3 million in fiscal year 2027, with funding for industry community renewal grants and a revolving loan account. Additionally, the bill establishes a task force on homeowners and commercial property insurance, composed of representatives from various housing, insurance, and legislative organizations, to evaluate insurance affordability and industry challenges. The legislation also modifies investment adviser registration requirements, including introducing a new $100 filing fee for private fund advisers and adjusting transfer fees for registered agents and investment adviser representatives. The task force is required to submit a comprehensive report by February 15, 2026, with findings, recommendations, and potential legislative changes.

Budget and Finance, Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2443&ssn=0&y=2025