HF 886

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:42am

A bill for an act
relating to the state budget; exempting allocation of general fund balance at end
of fiscal year 2009; requiring governor's general fund budget be balanced for
fiscal years 2012 and 2013.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin BALANCE CARRIED FORWARD.
new text end

new text begin Notwithstanding Minnesota Statutes, section 16A.152, subdivision 2, any positive
unrestricted general fund balance on June 30, 2009, is carried forward in the general
fund to fiscal year 2010.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 2. new text begin BALANCED BUDGET REQUIREMENT.
new text end

new text begin Notwithstanding any law to the contrary, a budget proposed by the governor and
enacted for fiscal years 2010 and 2011 must also provide for a balanced general fund
budget in fiscal years 2012 and 2013.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end