HF 2259

as introduced - 89th Legislature (2015 - 2016) Posted on 04/23/2015 12:43pm

A bill for an act
relating to state government; requiring a limitation on state fiscal year spending;
proposing coding for new law in Minnesota Statutes, chapter 16A.

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

Section 1.

new text begin [16A.104] LIMITATION ON STATE FISCAL YEAR SPENDING.
new text end

new text begin Subdivision 1. new text end

new text begin Limitation on spending. new text end

new text begin For fiscal year 2018 and each fiscal
year thereafter, state general fund appropriations shall be limited to an amount equal to
five percent of Minnesota personal income. "Minnesota personal income" means the
projected personal income data for Minnesota for the calendar year in which the fiscal year
begins as specified in the state budget and economic forecast as reported by Minnesota
Management and Budget.
new text end

new text begin Subd. 2. new text end

new text begin Exceptions. new text end

new text begin The limitation on the level of state general fund appropriations
in subdivision 1 shall not apply to:
new text end

new text begin (1) any state general fund appropriation which, as a result of a requirement of federal
law, is made for any new program or service or for any increase in the level of service for
an existing program beyond the existing level of service;
new text end

new text begin (2) any state general fund appropriation which, as a result of a requirement of a final
state or federal court order, is made for any new program or service or for any increase in
the level of service for an existing program beyond the existing level of service;
new text end

new text begin (3) funds earmarked for debt service;
new text end

new text begin (4) transfers of unappropriated surplus at the end of a fiscal year to the budget
reserve fund, state employees retirement fund, or used to reduce state indebtedness; or
new text end

new text begin (5) the governor's declaration of a specific emergency.
new text end

new text begin Subd. 3. new text end

new text begin Surplus. new text end

new text begin Any unappropriated surplus at the end of a fiscal year may be
transferred to the budget reserve fund, state employees retirement fund, or may be used to
reduce state indebtedness.
new text end