HF 2442

as introduced - 94th Legislature (2025 - 2026) Posted on 03/17/2025 03:00pm

A bill for an act
relating to commerce; establishing a biennial budget for commerce and energy;
modifying provisions governing consumer small loans and lending; modifying the
Minnesota premium security plan; requiring submission of a state innovation
waiver; modifying provisions governing renewable energy, energy conservation,
and energy efficiency; regulating retail electric vehicle supply equipment; modifying
provisions governing certain cannabis licenses; imposing assessments and fees;
appropriating money; authorizing administrative rulemaking; amending Minnesota
Statutes 2024, sections 47.60, subdivisions 1, 3, 4, 5, 8, by adding a subdivision;
47.601, subdivisions 1, 5a, 7; 62E.21, by adding a subdivision; 62E.23, subdivisions
1, 2, 3; 62E.24, subdivisions 1, 2; 62E.25, subdivision 1, by adding a subdivision;
80A.58; 80A.65, subdivision 2, by adding a subdivision; 116C.7792; 216C.09;
216C.10; 216C.11; 216C.12; 216C.391, subdivisions 1, 3; 342.17; 342.37, by
adding subdivisions; Laws 2023, chapter 63, article 9, section 5; proposing coding
for new law in Minnesota Statutes, chapters 62E; 239.

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

ARTICLE 1

COMMERCE FINANCE

Section 1. new text begin APPROPRIATIONS. new text end

new text begin The sums shown in the columns marked "Appropriations" are appropriated to the agencies
and for the purposes specified in this article. The appropriations are from the general fund,
or another named fund, and are available for the fiscal years indicated for each purpose.
The figures "2026" and "2027" used in this article mean that the appropriations listed under
them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
is fiscal years 2026 and 2027. If an appropriation in this act is enacted more than once in
the 2025 legislative session or a special session, the appropriation must be given effect only
once.
new text end

			new text begin APPROPRIATIONS new text end
			new text begin Available for the Year new text end
			new text begin Ending June 30 new text end
				new text begin 2026 new text end		new text begin 2027 new text end

Sec. 2. new text begin DEPARTMENT OF COMMERCE new text end

new text begin Subdivision 1. new text end new text begin Total Appropriation new text end

new text begin $ new text end

new text begin 42,163,000 new text end

new text begin $ new text end

new text begin 42,750,000 new text end

new text begin Appropriations by Fund new text end
	new text begin 2026 new text end	new text begin 2027 new text end
new text begin General new text end	new text begin 39,191,000 new text end	new text begin 39,842,000 new text end
new text begin Workers' Compensation Fund new text end	new text begin 815,000 new text end	new text begin 815,000 new text end
new text begin Special Revenue new text end	new text begin 2,093,000 new text end	new text begin 2,093,000 new text end
new text begin Family Medical Benefit Insurance new text end	new text begin 64,000 new text end	new text begin -0- new text end

new text begin The amounts that may be spent for each
purpose are specified in the following
subdivisions.
new text end

new text begin Subd. 2. new text end new text begin Financial Institutions new text end

new text begin 3,227,000 new text end

new text begin 3,227,000 new text end

new text begin (a) $400,000 each year is for a grant to Prepare
and Prosper to develop, market, evaluate, and
distribute a financial services inclusion
program that (1) assists low-income and
financially underserved populations to build
savings and strengthen credit, and (2) provides
services to assist low-income and financially
underserved populations to become more
financially stable and secure. Money
remaining after the first year is available for
the second year.
new text end

new text begin (b) $254,000 each year is to administer
Minnesota Statutes, chapter 58B.
new text end

new text begin Subd. 3. new text end new text begin Administrative Services new text end

new text begin 11,300,000 new text end

new text begin 11,978,000 new text end

new text begin (a) $353,000 each year is for system
modernization and cybersecurity upgrades for
the unclaimed property program.
new text end

new text begin (b) $249,000 each year is for the senior safe
fraud prevention program.
new text end

new text begin (c) $500,000 each year is to create and
maintain the Prescription Drug Affordability
Board established under Minnesota Statutes,
section 62J.87.
new text end

new text begin (d) $12,000 each year is for the intermediate
blends of gasoline and biofuels report under
Minnesota Statutes, section 239.791,
subdivision 8.
new text end

new text begin Subd. 4. new text end new text begin Enforcement new text end

new text begin 7,751,000 new text end

new text begin 7,751,000 new text end

new text begin Appropriations by Fund new text end
new text begin General new text end	new text begin 7,536,000 new text end	new text begin 7,536,000 new text end
new text begin Workers' Compensation new text end	new text begin 215,000 new text end	new text begin 215,000 new text end

new text begin (a) $811,000 each year is for five additional
peace officers in the Commerce Fraud Bureau.
Money under this paragraph is transferred
from the general fund to the insurance fraud
prevention account under Minnesota Statutes,
section 45.0135, subdivision 6.
new text end

new text begin (b) $21,000 each year is for body cameras
worn by Commerce Fraud Bureau agents.
new text end

new text begin (c) $215,000 each year is from the workers'
compensation fund.
new text end

new text begin (d) $225,000 each year is to create and
maintain the Mental Health Parity and
Substance Abuse Accountability Office under
Minnesota Statutes, section 62Q.465.
new text end

new text begin (e) $197,000 each year is to create and
maintain a student loan advocate position
under Minnesota Statutes, section 58B.011.
new text end

new text begin (f) $283,000 each year is for law enforcement
salary increases authorized under Laws 2021,
First Special Session chapter 4, article 9,
section 1.
new text end

new text begin Subd. 5. new text end new text begin Telecommunications new text end

new text begin 3,235,000 new text end

new text begin 3,235,000 new text end

new text begin Appropriations by Fund new text end
new text begin General new text end	new text begin 1,142,000 new text end	new text begin 1,142,000 new text end
new text begin Special Revenue new text end	new text begin 2,093,000 new text end	new text begin 2,093,000 new text end

new text begin $2,093,000 each year is from the
telecommunications access Minnesota fund
under Minnesota Statutes, section 237.52,
subdivision 1, in the special revenue fund for
the following transfers:
new text end

new text begin (1) $1,620,000 each year is to the
commissioner of human services to
supplement the ongoing operational expenses
of the Commission of Deaf, DeafBlind, and
Hard-of-Hearing Minnesotans. This transfer
is subject to Minnesota Statutes, section
16A.281;
new text end

new text begin (2) $290,000 each year is to the chief
information officer to coordinate technology
accessibility and usability;
new text end

new text begin (3) $133,000 each year is to the Legislative
Coordinating Commission for captioning
legislative coverage. This transfer is subject
to Minnesota Statutes, section 16A.281; and
new text end

new text begin (4) $50,000 each year is to the Office of
MN.IT Services for a consolidated access fund
to provide grants or services to other state
agencies related to accessibility of web-based
services.
new text end

new text begin Subd. 6. new text end new text begin Insurance new text end

new text begin 13,753,000 new text end

new text begin 13,483,000 new text end

new text begin Appropriations by Fund new text end
new text begin General new text end	new text begin 13,089,000 new text end	new text begin 12,883,000 new text end
new text begin Workers' Compensation new text end	new text begin 600,000 new text end	new text begin 600,000 new text end
new text begin Family and Medical Benefit Insurance new text end	new text begin 64,000 new text end	new text begin -0- new text end

new text begin (a) $136,000 each year is to advance
standardized health plan options.
new text end

new text begin (b) $105,000 each year is to evaluate
legislation for new mandated health benefits
under Minnesota Statutes, section 62J.26.
new text end

new text begin (c) $600,000 each year is from the workers'
compensation fund.
new text end

new text begin (d) $42,000 each year is to ensure health plan
company compliance with Minnesota Statutes,
section 62Q.47, paragraph (h).
new text end

new text begin (e) $25,000 each year is to evaluate existing
statutory health benefit mandates.
new text end

new text begin The general fund base is $8,914,000 in fiscal
year 2028 and $8,914,000 in fiscal year 2029.
new text end

new text begin Subd. 7. new text end new text begin Weights and Measures Division new text end

new text begin 2,897,000 new text end

new text begin 3,076,000 new text end

Sec. 3. new text begin OFFICE OF CANNABIS MANAGEMENT new text end

new text begin $ new text end

new text begin 37,189,000 new text end

new text begin $ new text end

new text begin 40,096,000 new text end

new text begin $15,000,000 each year is for cannabis industry
community renewal grants under Minnesota
Statutes, section 342.70. Of this amount, up
to three percent may be used to pay for
administrative expenses incurred by the Office
of Cannabis Management.
new text end

new text begin $1,000,000 each year is for transfer to the
CanGrow revolving loan account established
under Minnesota Statutes, section 342.73,
subdivision 4. Of this amount, up to three
percent may be used to pay for administrative
expenses incurred by the Office of Cannabis
Management.
new text end

Sec. 4. new text begin TRANSFERS.
new text end

new text begin With advance approval from the commissioner of management and budget, the director
of the Office of Cannabis Management may transfer positions, salary money, and nonsalary
administrative money within the Office of Cannabis Management as the director of the
Office of Cannabis Management determines is necessary. The director of the Office of
Cannabis Management must inform the chairs and ranking minority members of the
legislative committees with jurisdiction over commerce quarterly regarding transfers made
under this section.
new text end

Sec. 5.

Laws 2023, chapter 63, article 9, section 5, is amended to read:

Sec. 5. OFFICE OF CANNABIS MANAGEMENT

$

21,614,000

$

17,953,000

The base for this appropriation is $35,587,000
in fiscal year 2026 and $38,144,000 in fiscal
year 2027.

deleted text begin $1,000,000 the second year is for cannabis
industry community renewal grants under
Minnesota Statutes, section 342.70. Of these
amounts, up to three percent may be used for
administrative expenses. The base for this
appropriation is $15,000,000 in fiscal year
2026 and each fiscal year thereafter. deleted text end new text begin
$1,000,000 the second year is for cannabis
industry community renewal grants under
Minnesota Statutes, section 342.70.
Notwithstanding Minnesota Statutes, section
16A.28, this appropriation is available until
June 30, 2026. Of this amount, up to three
percent may be used to pay for administrative
expenses incurred by the Office of Cannabis
Management. The base for this appropriation
is $15,000,000 in fiscal year 2026 and each
fiscal year thereafter.
new text end

$1,000,000 each year is for transfer to the
CanGrow revolving loan account established
under Minnesota Statutes, section 342.73,
subdivision 4. Of these amounts, up to three
percent may be used for administrative
expenses.

new text begin EFFECTIVE DATE. new text end

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

ARTICLE 2

CLIMATE AND ENERGY FINANCE

Section 1. new text begin APPROPRIATIONS. new text end

new text begin The sums shown in the columns marked "Appropriations" are appropriated to the agencies
and for the purposes specified in this article. The appropriations are from the general fund,
or another named fund, and are available for the fiscal years indicated for each purpose.
The figures "2026" and "2027" used in this article mean that the appropriations listed under
them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
is fiscal years 2026 and 2027. If an appropriation in this article is enacted more than once
in the 2025 regular or a special legislative session, the appropriation must be given effect
only once.
new text end

			new text begin APPROPRIATIONS new text end
			new text begin Available for the Year new text end
			new text begin Ending June 30 new text end
				new text begin 2026 new text end		new text begin 2027 new text end

Sec. 2. new text begin DEPARTMENT OF COMMERCE new text end

new text begin Subdivision 1. new text end new text begin Total Appropriation new text end

new text begin $ new text end

new text begin 15,843,000 new text end

new text begin $ new text end

new text begin 15,843,000 new text end

new text begin Appropriations by Fund new text end
	new text begin 2026 new text end	new text begin 2027 new text end
new text begin General new text end	new text begin 14,246,000 new text end	new text begin 14,246,000 new text end
new text begin Petroleum Tank new text end	new text begin 1,597,000 new text end	new text begin 1,597,000 new text end

new text begin The amounts that may be spent for each
purpose are specified in the following
subdivisions.
new text end

new text begin Subd. 2. new text end new text begin Energy Resources new text end

new text begin 14,246,000 new text end

new text begin 14,246,000 new text end

new text begin (a) $150,000 the first year and $150,000 the
second year are to remediate vermiculite
insulation from households that are eligible
for weatherization assistance under
Minnesota's weatherization assistance program
state plan under Minnesota Statutes, section
216C.264. Remediation must be performed in
conjunction with federal weatherization
assistance program services.
new text end

new text begin (b) $189,000 each year is for activities
associated with a utility's implementation of
a natural gas innovation plan under Minnesota
Statutes, section 216B.2427.
new text end

new text begin (c) $3,199,000 each year is for weatherization
and preweatherization work to serve additional
households and allow for services that would
otherwise be denied due to current federal
limitations related to the federal weatherization
assistance program. Money under this
paragraph is transferred from the general fund
to the preweatherization account in the special
revenue fund under Minnesota Statutes,
section 216C.264, subdivision 1c.
new text end

new text begin (d) $500,000 each year is for a grant to the
clean energy resource teams under Minnesota
Statutes, section 216C.385, subdivision 2, to
provide additional capacity to perform the
duties specified under Minnesota Statutes,
section 216C.385, subdivision 3. This
appropriation may be used to reimburse the
reasonable costs incurred by the department
to administer the grant.
new text end

new text begin (e) $301,000 each year is to implement energy
benchmarking under Minnesota Statutes,
section 216C.331.
new text end

new text begin (f) $164,000 each year is for activities
associated with a public utility's filing a
transportation electrification plan under
Minnesota Statutes, section 216B.1615.
new text end

new text begin (g) $77,000 each year is for activities
associated with appeals of consumer
complaints to the commission under
Minnesota Statutes, section 216B.172.
new text end

new text begin (h) $961,000 each year is for activities
required under Minnesota Statutes, section
216B.1641, for community solar gardens. This
appropriation must be assessed directly to the
public utility subject to Minnesota Statutes,
section 116C.779.
new text end

new text begin (i) $46,000 each year is for work to align
energy transmission and distribution planning
activities with opportunities along trunk
highway rights-of-way.
new text end

new text begin (j) $265,000 each year is to (1) participate in
a Minnesota Public Utilities Commission
proceeding to review electric transmission line
owners' plans to deploy grid-enhancing
technologies, and (2) issue an order to
implement the plans. The base in fiscal year
2028 is $0.
new text end

new text begin The general fund base is $13,981,000 in fiscal
year 2028 and $13,981,000 in fiscal year 2029.
new text end

new text begin Subd. 3. new text end new text begin Petroleum Tank Release Compensation Board new text end

new text begin 1,597,000 new text end

new text begin 1,597,000 new text end

new text begin This appropriation is from the petroleum tank
fund.
new text end

Sec. 3. new text begin PUBLIC UTILITIES COMMISSION new text end

new text begin $ new text end

new text begin 13,330,000 new text end

new text begin $ new text end

new text begin 13,417,000 new text end

ARTICLE 3

RENEWABLE DEVELOPMENT ACCOUNT APPROPRIATIONS

Section 1. new text begin RENEWABLE DEVELOPMENT FINANCE. new text end

new text begin The sums shown in the columns marked "Appropriations" are appropriated to the agencies
and for the purposes specified in this article. Notwithstanding Minnesota Statutes, section
116C.779, subdivision 1, paragraph (j), the appropriations are from the renewable
development account in the special revenue fund established in Minnesota Statutes, section
116C.779, subdivision 1, and are available for the fiscal years indicated for each purpose.
The figures "2026" and "2027" used in this article mean that the appropriations listed under
them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
is fiscal years 2026 and 2027. If an appropriation in this article is enacted more than once
in the 2025 regular or special legislative session, the appropriation must be given effect
only once.
new text end

			new text begin APPROPRIATIONS new text end
			new text begin Available for the Year new text end
			new text begin Ending June 30 new text end
				new text begin 2026 new text end		new text begin 2027 new text end

Sec. 2. new text begin DEPARTMENT OF COMMERCE new text end

new text begin Subdivision 1. new text end new text begin Total Appropriation new text end

new text begin $ new text end

new text begin 500,000 new text end

new text begin $ new text end

new text begin 100,000 new text end

new text begin The amounts that may be spent for each
purpose are specified in the following
subdivisions.
new text end

new text begin Subd. 2. new text end new text begin "Made in Minnesota" Administration new text end

new text begin $100,000 each year is to administer the "Made
in Minnesota" solar energy production
incentive program under Minnesota Statutes,
section 216C.417. Any unobligated amount
remaining on June 30, 2027, cancels to the
renewable development account.
new text end

new text begin Subd. 3. new text end new text begin Microgrid Research and Application new text end

new text begin $400,000 the first year is for a grant to the
University of St. Thomas Center for Microgrid
Research, which must be used to:
new text end

new text begin (1) increase the center's capacity to provide
industry partners opportunities to test
near-commercial microgrid products on a
real-world scale and to multiply opportunities
for innovative research;
new text end

new text begin (2) procure advanced equipment and controls
to enable the extension of the university's
microgrid to additional buildings; and
new text end

new text begin (3) expand (i) hands-on educational
opportunities for undergraduate and graduate
electrical engineering students to increase
understanding of microgrid operations, and
(ii) partnerships with community colleges.
new text end

Sec. 3. new text begin DEPARTMENT OF ADMINISTRATION new text end

new text begin $ new text end

new text begin 92,000 new text end

new text begin $ new text end

new text begin 92,000 new text end

new text begin $92,000 each year is for software and
administrative costs associated with the state
building energy conservation improvement
revolving loan program under Minnesota
Statutes, section 16B.87.
new text end

ARTICLE 4

FINANCIAL INSTITUTIONS POLICY

Section 1.

Minnesota Statutes 2024, section 47.60, subdivision 1, is amended to read:

Subdivision 1.

Definitions.

For purposes of this section, the terms defined have the
meanings given them:

(a) "Consumer small loan" is a loan transaction new text begin , whether recourse or nonrecourse, new text end in
which cash is advanced to a borrower for the borrower's own personal, family, or household
purpose. A consumer small loan is a short-term, unsecured loan to be repaid in a single
installment. The cash advance of a consumer small loan is equal to or less than $350. A
consumer small loan includes an indebtedness evidenced by but not limited to a promissory
note or agreement to defer the presentation of a personal check new text begin or authorized account transfer new text end
for a fee new text begin or a charge identified under paragraph (c), including on a borrower's future potential
money source, including but not limited to future pay, salary, or pension income new text end .

(b) "Consumer small loan lender" is a financial institution as defined in section 47.59
or a business entity registered with the commissioner and engaged in the business of making
consumer small loans.

(c) "Annual percentage rate" means a measure of the cost of credit, expressed as a yearly
rate, that relates the amount and timing of value received by the consumer to the amount
and timing of payments made. new text begin The cost or credit reflected in an new text end annual percentage rate
includes all new text begin amounts paid by a consumer or on a consumer's behalf in connection or
concurrent with a consumer small loan, including: (1) new text end interest, finance charges, and fees new text begin ;
(2) a charge for any ancillary product, membership, or service sold; (3) an amount offered
or agreed to by a borrower to obtain credit or provide compensation to use money; (4) a
voluntary or other fee charged that a borrower agrees to or pays; (5) a tip, voluntary payment,
contribution, and similar amount solicited from or paid by a borrower; or (6) a charge to
expedite an advance or other convenience charge new text end . The annual percentage rate must be
determined in accordance with either the actuarial method or the United States Rule method.

Sec. 2.

Minnesota Statutes 2024, section 47.60, subdivision 3, is amended to read:

Subd. 3.

deleted text begin Filing deleted text end new text begin License; fees new text end .

new text begin (a) new text end Before a business entity other than a financial institution
as defined by section 47.59 engages in the business of making consumer small loans to
Minnesota residents, the business entity deleted text begin shall file with the commissioner as deleted text end new text begin must obtain new text end a
consumer small loan lender new text begin license issued by the commissioner new text end .

new text begin (b) new text end The deleted text begin filing deleted text end new text begin consumer small loan lender license application new text end must be on a form prescribed
by the commissioner deleted text begin together with a fee of $250 for each place of business deleted text end and new text begin must new text end contain
the following information deleted text begin in addition to the information required by the commissioner deleted text end :

new text begin (1) the applicant's full name, the address for the place of business, and any fictitious or
trade name used by the applicant to conduct business;
new text end

new text begin (2) a list of the applicant's or person in control's criminal convictions, and any material
litigation the applicant has been involved in during the ten-year period preceding the
application submission;
new text end

new text begin (3) the addresses for all of the consumer small loan lender's offices, locations, or retail
stores, if any, in Minnesota;
new text end

new text begin (4) a description of the consumer small loan activity the applicant seeks to provide in
Minnesota;
new text end

new text begin (5) a schedule describing any charges the applicant proposes to charge or offer to a
consumer who resides in Minnesota, as included in the cost of credit calculation under
subdivision 1, paragraph (c);
new text end

deleted text begin (1) deleted text end new text begin (6) new text end evidence that the deleted text begin filer deleted text end new text begin applicant new text end has available for the operation of the business at
the location specified, liquid assets of at least $50,000; and

deleted text begin (2) deleted text end new text begin (7) new text end a biographical statement deleted text begin on the principal person responsible for the operation
and management of the business to be certified deleted text end new text begin describing any individual person in control new text end .

new text begin (c) In addition to the information required under paragraph (b), an applicant that is a
corporation, limited liability company, partnership, or other legal entity must also provide:
new text end

new text begin (1) the date the applicant was incorporated or formed, and the state or country of
incorporation or formation; and
new text end

new text begin (2) if applicable, a certificate of good standing from the state or country where the
applicant is incorporated or formed.
new text end

new text begin (d) A consumer small loan lender license issued under this section expires at 11:59 p.m.
on December 31 of the year for which the application is filed and is renewable on January
1 each year after that date.
new text end

new text begin (e) An initial consumer small loan lender license application must be accompanied by
a $500 fee. Each subsequent renewal application must be accompanied by a $250 fee.
new text end

new text begin (f) Section 56.09 applies to a suspension or new text end revocation of deleted text begin the filing is deleted text end new text begin a consumer small
loan lender license under this section in new text end the same new text begin manner new text end as deleted text begin in the case of deleted text end a regulated lender
license deleted text begin in deleted text end new text begin under new text end section 56.09.

new text begin (g) new text end For purposes of this subdivision deleted text begin , deleted text end new text begin : (1) new text end "business entity" includes one that does not
have a physical location in Minnesota that makes a consumer small loan electronically via
the Internet deleted text begin . deleted text end new text begin ; and (2) "person in control" means a member of senior management, including
an owner or officer, and a person who directly or indirectly possesses the power to direct
or cause the direction of the applicant's or consumer small loan lender's management policies
under this section, regardless of whether the person has an ownership interest in the applicant
or licensee. Control is presumed to exist if a person directly or indirectly owns, controls, or
holds with power to vote ten percent or more of the voting stock of an applicant or licensee
or of a person who owns, controls, or holds with power to vote ten percent or more of the
voting stock of an applicant or licensee.
new text end

Sec. 3.

Minnesota Statutes 2024, section 47.60, subdivision 4, is amended to read:

Subd. 4.

Books of account; annual report; schedule of charges; disclosures.

(a) A
lender deleted text begin filing deleted text end new text begin licensed new text end under subdivision 3 shall keep and use in the business books, accounts,
and records as will enable the commissioner to determine whether the filer is complying
with this section.

(b) A lender deleted text begin filing deleted text end new text begin licensed new text end under subdivision 3 shall annually on or before March 15
file a report to the commissioner giving the information the commissioner reasonably
requires concerning the business and operations during the preceding calendar year, including
the information required to be reported under section 47.601, subdivision 4.

(c) A lender deleted text begin filing deleted text end new text begin licensed new text end under subdivision 3 shall display prominently in each place
of business a full and accurate schedule, to be approved by the commissioner, of the charges
to be made and the method of computing those charges. A lender shall furnish a copy of
the contract of loan to a person obligated on it or who may become obligated on it at any
time upon the request of that person. This is in addition to any disclosures required by the
federal Truth in Lending Act, United States Code, title 15.

(d) A lender deleted text begin filing deleted text end new text begin licensed new text end under subdivision 3 shall, upon repayment of the loan in
full, mark indelibly every obligation signed by the borrower with the word "Paid" or
"Canceled" within 20 days after repayment.

(e) A lender deleted text begin filing deleted text end new text begin licensed new text end under subdivision 3 shall display prominently, in each licensed
place of business, a full and accurate statement of the charges to be made for loans made
under this section. The statement of charges must be displayed in a notice, on plastic or
other durable material measuring at least 12 inches by 18 inches, headed "CONSUMER
NOTICE REQUIRED BY THE STATE OF MINNESOTA." The notice shall include,
immediately above the statement of charges, the following sentence, or a substantially
similar sentence approved by the commissioner: "These loan charges are higher than
otherwise permitted under Minnesota law. Minnesota law permits these higher charges only
because short-term small loans might otherwise not be available to consumers. If you have
another source of a loan, you may be able to benefit from a lower interest rate and other
loan charges." The notice must not contain any other statement or information, unless the
commissioner has determined that the additional statement or information is necessary to
prevent confusion or inaccuracy. The notice must be designed with a type size that is large
enough to be readily noticeable and legible. The form of the notice must be approved by
the commissioner prior to its use.

Sec. 4.

Minnesota Statutes 2024, section 47.60, subdivision 5, is amended to read:

Subd. 5.

Complaints alleging violation.

A person deleted text begin obligated to or having been obligated
to a consumer small loan lender filing under subdivision 3 and having deleted text end new text begin that has new text end reason to
believe deleted text begin that deleted text end this section has been violated may file with the commissioner a deleted text begin written deleted text end complaint
setting forth the details of the alleged violation. The commissioner, upon receipt of the
complaint, may inspect the pertinent books, records, letters, and contracts of the lender and
borrower involved. The commissioner may assess against the lender a fee covering the
necessary costs of an investigation under this section. The commissioner may maintain an
action for the recovery of the costs in a court of competent jurisdiction.

Sec. 5.

Minnesota Statutes 2024, section 47.60, is amended by adding a subdivision to
read:

new text begin Subd. 5a. new text end

new text begin Examinations. new text end

new text begin (a) The commissioner may examine the affairs, business,
office, and records of a licensee and of other persons subject to examination under this
section. Examinations under this section may occur as often as is considered necessary. The
commissioner may accept examination reports prepared by a state or federal agency that
has comparable supervisory powers and examination procedures.
new text end

new text begin (b) The commissioner may assess a fee to cover the costs necessary to conduct an
examination under this subdivision, as required under section 46.131. The fee is payable to
the commissioner upon the commissioner's request for payment. The commissioner may
maintain an action to recover costs under this subdivision in any court of competent
jurisdiction.
new text end

new text begin (c) The commissioner may disclose information not otherwise subject to disclosure
under section 46.07 to representatives of state or federal agencies pursuant to agreements
or relationships with other government officials or federal and state regulatory agencies and
regulatory associations in order to: (1) improve efficiencies and reduce regulatory burden
by standardizing methods or procedures; and (2) share resources, records, or related
information obtained under this section.
new text end

Sec. 6.

Minnesota Statutes 2024, section 47.60, subdivision 8, is amended to read:

Subd. 8.

No evasion.

(a) A person must not engage in any device, subterfuge, or pretense
to evade the requirements of this section, including but not limited to:

(1) making loans disguised as a personal property sale and leaseback transaction;

new text begin (2) representing that an advance is a not a loan because the advance (i) is nonrecourse,
(ii) is repaid with assigned wages or other present or future income, or (iii) may be not
subject to certain collection methods, credit reporting, or repayment demands;
new text end

deleted text begin (2) deleted text end new text begin (3) new text end disguising loan proceeds as a cash rebate for the pretextual installment sale of
goods or services; or

deleted text begin (3) deleted text end new text begin (4) new text end making, offering, assisting, or arranging for a debtor to obtain a loan with a greater
rate or amount of interest, consideration, charge, or payment than is permitted by this section
through any method, including mail, telephone, Internet, or any electronic means, regardless
of whether a person has a physical location in Minnesota.

(b) A person is a consumer small loan lender subject to the requirements of this section
notwithstanding the fact that a person purports to act as an agent or service provider, or acts
in another capacity for another person that is not subject to this section, if a person:

(1) directly or indirectly holds, acquires, or maintains the predominant economic interest,
risk, or reward in a loan or lending business; or

(2) both: (i) markets, solicits, brokers, arranges, or facilitates a loan; and (ii) holds or
holds the right, requirement, or first right of refusal to acquire loans, receivables, or other
direct or interest in a loan.

(c) A person is a consumer small loan lender subject to the requirements of this section
if the totality of the circumstances indicate that a person is a lender and the transaction is
structured to evade the requirements of this section. Circumstances that weigh in favor of
a person being a lender in a transaction include but are not limited to instances where a
person:

(1) indemnifies, insures, or protects a person not subject to this section from any costs
or risks related to a loan;

(2) predominantly designs, controls, or operates lending activity;

(3) holds the trademark or intellectual property rights in the brand, underwriting system,
or other core aspects of a lending business; or

(4) purports to act as an agent or service provider, or acts in another capacity, for a person
not subject to this section while acting directly as a lender in one or more states.

Sec. 7.

Minnesota Statutes 2024, section 47.601, subdivision 1, is amended to read:

Subdivision 1.

Definitions.

(a) For the purposes of this section, the terms defined in this
subdivision have the meanings given.

(b) "Annual percentage rate" has the meaning given in section 47.60, subdivision 1.

(c) "Borrower" means an individual who obtains a consumer short-term loan primarily
for personal, family, or household purposes.

(d) "Commissioner" means the commissioner of commerce.

(e) "Consumer short-term loan" means a loan to a borrower new text begin , whether recourse or
nonrecourse, including on a borrower's future potential money source, including but not
limited to future pay, salary, or pension income, new text end which has a principal amount, or an advance
on a credit limit, of $1,300 or less and requires a minimum payment within 60 days of loan
origination or credit advance of more than 25 percent of the principal balance or credit
advance. For the purposes of this section, each new advance of money to a borrower under
a consumer short-term loan agreement constitutes a new consumer short-term loan. A
"consumer short-term loan" does not include any transaction made under chapter 325J or
a loan made by a consumer short-term lender where, in the event of default on the loan, the
sole recourse for recovery of the amount owed, other than a lawsuit for damages for the
debt, is to proceed against physical goods pledged by the borrower as collateral for the loan.

(f) "Consumer short-term lender" means an individual or entity engaged in the business
of making or arranging consumer short-term loans, other than a state or federally chartered
bank, savings bank, or credit union. For the purposes of this paragraph, arranging consumer
short-term loans includes but is not limited to any substantial involvement in facilitating,
marketing, lead-generating, underwriting, servicing, or collecting consumer short-term
loans.

Sec. 8.

Minnesota Statutes 2024, section 47.601, subdivision 5a, is amended to read:

Subd. 5a.

No evasion.

(a) A person must not engage in any device, subterfuge, or pretense
to evade the requirements of this section, including but not limited to:

(1) making loans disguised as a personal property sale and leaseback transaction;

new text begin (2) representing that an advance is not a loan because the advance (i) is nonrecourse,
(ii) is repaid with assigned wages or other present or future income, or (iii) may be not
subject to certain collection methods, credit reporting, or repayment demands;
new text end

deleted text begin (2) deleted text end new text begin (3) new text end disguising loan proceeds as a cash rebate for the pretextual installment sale of
goods or services; or

deleted text begin (3) deleted text end new text begin (4) new text end making, offering, assisting, or arranging for a debtor to obtain a loan with a greater
rate or amount of interest, consideration, charge, or payment than is permitted by this section
through any method, including mail, telephone, Internet, or any electronic means, regardless
of whether a person has a physical location in Minnesota.

(b) A person is a consumer short-term loan lender subject to the requirements of this
section notwithstanding the fact that a person purports to act as an agent or service provider,
or acts in another capacity for another person that is not subject to this section, if a person:

(1) directly or indirectly holds, acquires, or maintains the predominant economic interest,
risk, or reward in a loan or lending business; or

(2) both: (i) markets, solicits, brokers, arranges, or facilitates a loan; and (ii) holds or
holds the right, requirement, or first right of refusal to acquire loans, receivables, or other
direct or interest in a loan.

(c) A person is a consumer short-term loan lender subject to the requirements of this
section if the totality of the circumstances indicate that a person is a lender and the transaction
is structured to evade the requirements of this section. Circumstances that weigh in favor
of a person being a lender in a transaction include but are not limited to instances where a
person:

(1) indemnifies, insures, or protects a person not subject to this section from any costs
or risks related to a loan;

(2) predominantly designs, controls, or operates lending activity;

(3) holds the trademark or intellectual property rights in the brand, underwriting system,
or other core aspects of a lending business; or

(4) purports to act as an agent or service provider, or acts in another capacity, for a person
not subject to this section while acting directly as a lender in one or more states.

Sec. 9.

Minnesota Statutes 2024, section 47.601, subdivision 7, is amended to read:

Subd. 7.

deleted text begin Attorney general deleted text end Enforcement.

The new text begin commissioner of commerce must enforce
this section under section new text end new text begin 45.027 and the new text end attorney general deleted text begin shall deleted text end new text begin must new text end enforce this section
under section 8.31.

Sec. 10.

Minnesota Statutes 2024, section 80A.58, is amended to read:

80A.58 SECTION 403; INVESTMENT ADVISER REGISTRATION
REQUIREMENT AND EXEMPTIONS.

(a) Registration requirement. It is unlawful for a person to transact business in this
state as an investment adviser or investment adviser representative unless the person is
registered under this chapter or is exempt from registration under subsection (b).

(b) Exemptions from registration. The following persons are exempt from the
registration requirement of subsection (a):

(1) any person whose only clients in this state are:

(A) federal covered investment advisers, investment advisers registered under this
chapter, or broker-dealers registered under this chapter;

(B) bona fide preexisting clients whose principal places of residence are not in this state
if the investment adviser is registered under the securities act of the state in which the clients
maintain principal places of residence; or

(C) any other client exempted by rule adopted or order issued under this chapter;

(2) a person without a place of business in this state if the person has had, during the
preceding 12 months, not more than five clients that are resident in this state in addition to
those specified under paragraph (1);

(3) A private fund deleted text begin advisor deleted text end new text begin adviser new text end , subject to the additional requirements of subsection
(c), if the private fund adviser satisfies each of the following conditions:

(i) neither the private fund adviser nor any of its advisory affiliates are subject to a
disqualification as described in Rule 262 of SEC Regulation A, Code of Federal Regulations,
title 17, section 230.262;

(ii) the private fund adviser files with the state each report and amendment thereto that
an exempt reporting adviser is required to file with the Securities and Exchange Commission
pursuant to SEC Rule 204-4, Code of Federal Regulations, title 17, section 275.204-4; deleted text begin or deleted text end new text begin
and
new text end

new text begin (iii) the private fund adviser pays the fees under section 80A.65, subdivision 2b; or
new text end

(4) any other person exempted by rule adopted or order issued under this chapter.

(c) Additional requirements for private fund advisers to certain 3(c)(1) funds. In
order to qualify for the exemption described in subsection (b)(3), a private fund adviser
who advises at least one 3(c)(1) fund that is not a venture capital fund shall, in addition to
satisfying each of the conditions specified in subsection (b)(3), comply with the following
requirements:

(1) The private fund adviser shall advise only those 3(c)(1) funds, other than venture
capital funds, whose outstanding securities, other than short-term paper, are beneficially
owned entirely by persons who, after deducting the value of the primary residence from the
person's net worth, would each meet the definition of a qualified client in SEC Rule 205-3,
Code of Federal Regulations, title 17, section 275.205-3, at the time the securities are
purchased from the issuer;

(2) At the time of purchase, the private fund adviser shall disclose the following in
writing to each beneficial owner of a 3(c)(1) fund that is not a venture capital fund:

(i) all services, if any, to be provided to individual beneficial owners;

(ii) all duties, if any, the investment adviser owes to the beneficial owners; and

(iii) any other material information affecting the rights or responsibilities of the beneficial
owners; and

(3) The private fund adviser shall obtain on an annual basis audited financial statements
of each 3(c)(1) fund that is not a venture capital fund and shall deliver a copy of such audited
financial statements to each beneficial owner of the fund.

(d) Federal covered investment advisers. If a private fund adviser is registered with
the Securities and Exchange Commission, the adviser shall not be eligible for the private
fund adviser exemption under paragraph (b), clause (3), and shall comply with the state
notice filing requirements applicable to federal covered investment advisers in section
80A.58.

(e) Investment adviser representatives. A person is exempt from the registration
requirements of section 80A.58, paragraph (a), if he or she is employed by or associated
with an investment adviser that is exempt from registration in this state pursuant to the
private fund adviser exemption under paragraph (b), clause (3), and does not otherwise
engage in activities that would require registration as an investment adviser representative.

(f) Electronic filings. The report filings described in subsection (b)(3)(ii) shall be made
electronically through the IARD. A report shall be deemed filed when the report and the
fee required by sections 80A.60 and 80A.65 are filed and accepted by the IARD on the
state's behalf.

(g) Transition. An investment adviser who becomes ineligible for the exemption provided
by this section must comply with all applicable laws and rules requiring registration or
notice filing within 90 days from the date of the investment adviser's eligibility for this
exemption ceases.

(h) Grandfathering for investment advisers to 3(c)(1) funds with nonqualified
clients. An investment adviser to a 3(c)(1) fund (other than a venture capital fund) that has
one or more beneficial owners who are not qualified clients as described in paragraph (c),
clause (1), is eligible for the exemption contained in paragraph (b), clause (3), if the following
conditions are satisfied:

(1) the subject fund existed prior to August 1, 2013;

(2) as of August 1, 2013, the subject fund ceases to accept beneficial owners who are
not qualified clients, as described in paragraph (c), clause (1);

(3) the investment adviser discloses in writing the information described in paragraph
(c), clause (2), to all beneficial owners of the fund; and

(4) as of August 1, 2013, the investment adviser delivers audited financial statements
as required by paragraph (c), clause (3).

(i) Limits on employment or association. It is unlawful for an investment adviser,
directly or indirectly, to employ or associate with an individual to engage in an activity
related to investment advice in this state if the registration of the individual is suspended
or revoked or the individual is barred from employment or association with an investment
adviser, federal covered investment adviser, or broker-dealer by an order under this chapter,
the Securities and Exchange Commission, or a self-regulatory organization, unless the
investment adviser did not know, and in the exercise of reasonable care could not have
known, of the suspension, revocation, or bar. Upon request from the investment adviser and
for good cause, the administrator, by order, may waive, in whole or in part, the application
of the prohibitions of this subsection to the investment adviser.

Sec. 11.

Minnesota Statutes 2024, section 80A.65, subdivision 2, is amended to read:

Subd. 2.

Registration application and renewal filing fee.

Every applicant for an initial
or renewal registration shall pay a filing fee of $200 in the case of a broker-dealer, $65 in
the case of an agent, $100 in the case of an investment adviser, and $50 in the case of an
investment adviser representative. When an application is denied or withdrawn, the filing
fee shall be retained. A registered agent who has terminated employment with one
broker-dealer shall, before beginning employment with another broker-dealer, pay a transfer
fee of deleted text begin $25 deleted text end new text begin $65 new text end . new text begin A registered investment adviser representative who has terminated
employment with one investment adviser must, before beginning employment with another
investment adviser, pay a $50 transfer fee.
new text end

Sec. 12.

Minnesota Statutes 2024, section 80A.65, is amended by adding a subdivision to
read:

new text begin Subd. 2b. new text end

new text begin Private fund adviser filings. new text end

new text begin A private fund adviser must pay a $100 filing
fee when filing an initial or renewal notice required under section 80A.58.
new text end

Sec. 13. new text begin EFFECTIVE DATE; TRANSITION PROVISION.
new text end

new text begin The amendments to Minnesota Statutes, section 47.60, in this article are effective August
1, 2025. An entity that filed and was approved under Minnesota Statutes, section 47.60,
before August 1, 2025, must file a renewal application that complies with Minnesota Statutes,
section 47.60, as amended by this article, between November 1, 2025, and December 31,
2025, for activity occurring on or after January 1, 2026.
new text end

ARTICLE 5

MINNESOTA PREMIUM SECURITY PLAN

Section 1.

Minnesota Statutes 2024, section 62E.21, is amended by adding a subdivision
to read:

new text begin Subd. 2a. new text end

new text begin Assessment. new text end

new text begin "Assessment" means the amount an eligible carrier under the
plan must pay to the association for operational costs, administrative costs, and reinsurance
payments relating to initiating and operating the plan.
new text end

Sec. 2.

Minnesota Statutes 2024, section 62E.23, subdivision 1, is amended to read:

Subdivision 1.

Administration of plan.

(a) The association is Minnesota's reinsurance
entity to administer the state-based reinsurance program referred to as the Minnesota premium
security plan.

(b) The association may apply for any available federal funding for the plan. All funds
received by or appropriated to the association shall be deposited in the premium security
plan account in section 62E.25, subdivision 1. The association shall notify the chairs and
ranking minority members of the legislative committees with jurisdiction over health and
human services and insurance within ten days of receiving any federal funds.

(c) The association must collect or access data from an eligible health carrier that are
necessary to determine reinsurance payments, according to the data requirements under
subdivision 5, paragraph (c).

(d) The board must not use any funds allocated to the plan for staff retreats, promotional
giveaways, excessive executive compensation, or promotion of federal or state legislative
or regulatory changes.

(e) For each applicable benefit year, the association must notify eligible health carriers
of reinsurance payments to be made for the applicable benefit year no later than June 30 of
the year following the applicable benefit year.

(f) On a quarterly basis during the applicable benefit year, the association must provide
each eligible health carrier with the calculation of total reinsurance payment requests.

(g) By August 15 of the year following the applicable benefit year, the association must
disburse all applicable reinsurance payments to an eligible health carrier.

new text begin (h) The association must collect assessments from eligible carriers to pay for the
Minnesota premium security plan no later than June 30 of the year following the applicable
benefit year. The association must use the assessments collected under this paragraph to
pay the operational costs, administrative costs, and reinsurance payments of the plan not
covered by federal funding for the plan. By March 1 each year, the association must provide
each member with an estimate of the member's assessment for the upcoming applicable
benefit year. The association must notify each member of the member's assessment for the
applicable benefit year not later than June 30 of the year following the applicable benefit
year.
new text end

Sec. 3.

Minnesota Statutes 2024, section 62E.23, subdivision 2, is amended to read:

Subd. 2.

Payment parameters.

(a) The board must design and adjust the payment
parameters to ensure the payment parameters:

(1) will stabilize or reduce premium rates in the individual market;

(2) will increase participation in the individual market;

(3) will improve access to health care providers and services for those in the individual
market;

(4) mitigate the impact high-risk individuals have on premium rates in the individual
market;

(5) take into account any federal funding available for the plan; deleted text begin and
deleted text end

new text begin (6) take into account assessments imposed on eligible carriers; and
new text end

deleted text begin (6) deleted text end new text begin (7) new text end take into account the total amount available to fund the plan.

(b) The attachment point for the plan is the threshold amount for claims costs incurred
by an eligible health carrier for an enrolled individual's covered benefits in a benefit year,
beyond which the claims costs for benefits are eligible for reinsurance payments. The
attachment point shall be set by the board at $50,000 or more, but not exceeding the
reinsurance cap.

(c) The coinsurance rate for the plan is the rate at which the association will reimburse
an eligible health carrier for claims incurred for an enrolled individual's covered benefits
in a benefit year above the attachment point and below the reinsurance cap. The coinsurance
rate shall be set by the board at a rate between 50 and 80 percent.

(d) The reinsurance cap is the threshold amount for claims costs incurred by an eligible
health carrier for an enrolled individual's covered benefits, after which the claims costs for
benefits are no longer eligible for reinsurance payments. The reinsurance cap shall be set
by the board at $250,000 or less.

(e) The board may adjust the payment parameters to the extent necessary to secure
federal approval of the state innovation waiver request in Laws 2017, chapter 13, article 1,
section 8.

Sec. 4.

Minnesota Statutes 2024, section 62E.23, subdivision 3, is amended to read:

Subd. 3.

Operation.

(a) The board shall propose to the commissioner the payment
parameters for the next benefit year by January 15 of the year before the applicable benefit
year. The commissioner shall approve or reject the payment parameters no later than 14
days following the board's proposal. If the commissioner fails to approve or reject the
payment parameters within 14 days following the board's proposal, the proposed payment
parameters are final and effective.

(b) If the amount in the premium security plan account in section 62E.25, subdivision
1, is not anticipated to be adequate to fully fund the approved payment parameters as of
July 1 of the year before the applicable benefit year, the board, in consultation with the
commissioner and the commissioner of management and budget, shall propose payment
parameters within the available appropriations new text begin or assess members to obtain the necessary
funding new text end . The commissioner must permit an eligible health carrier to revise an applicable
rate filing based on the final payment parameters for the next benefit year.

(c) Notwithstanding paragraph (a), the payment parameters deleted text begin for benefit years 2023 through
2027 deleted text end are:

(1) an attachment point of $50,000;

(2) a coinsurance rate of 80 percent; and

(3) a reinsurance cap of $250,000.

Sec. 5.

Minnesota Statutes 2024, section 62E.24, subdivision 1, is amended to read:

Subdivision 1.

Accounting.

The board must keep an accounting for each benefit year
of all:

(1) funds appropriated for reinsurance payments and administrative and operational
expenses;

(2) requests for reinsurance payments received from eligible health carriers;

new text begin (3) assessments collected from eligible carriers;
new text end

deleted text begin (3) deleted text end new text begin (4) new text end reinsurance payments made to eligible health carriers; and

deleted text begin (4) deleted text end new text begin (5) new text end administrative and operational expenses incurred for the plan.

Sec. 6.

Minnesota Statutes 2024, section 62E.24, subdivision 2, is amended to read:

Subd. 2.

Reports.

(a) The board must submit to the commissioner and to the chairs and
ranking minority members of the legislative committees with jurisdiction over commerce
and health and make available to the public quarterly reports on plan operations and an
annual report summarizing the plan operations for each benefit year. All reports must be
made public by posting the report on the Minnesota Comprehensive Health Association
website. The annual summary must be made available by November 1 of the year following
the applicable benefit year or 60 calendar days following the final disbursement of
reinsurance payments for the applicable benefit year, whichever is later.

(b) The reports must include information about:

(1) the reinsurance parameters used;

(2) the metal levels affected;

(3) the number of claims payments estimated and submitted for payment per products
offered on-exchange and off-exchange and per eligible health carrier;

(4) the estimated reinsurance payments by plan type based on carrier-submitted templates;

(5) funds appropriated for reinsurance payments and administrative and operational
expenses for each year, including the federal and state contributions received, investment
income, new text begin assessments collected from eligible carriers, new text end and any other revenue or funds received;

(6) the total amount of reinsurance payments made to each eligible health carrier; and

(7) administrative and operational expenses incurred for the plan, including the total
amount incurred and as a percentage of the plan's operational budget.

Sec. 7.

Minnesota Statutes 2024, section 62E.25, subdivision 1, is amended to read:

Subdivision 1.

Premium security plan account.

The premium security plan account is
created in the special revenue fund of the state treasury. Funds in the account deleted text begin are appropriated
annually deleted text end new text begin may include annual appropriations made new text end to the commissioner of commerce for
grants to the Minnesota Comprehensive Health Association for the operational and
administrative costs and reinsurance payments relating to the start-up and operation of the
Minnesota premium security plan new text begin , as well as money received from assessments made under
section 62E.23 new text end . Notwithstanding section 11A.20, all investment income and all investment
losses attributable to the investment of the premium security plan account shall be credited
to the premium security plan account.

Sec. 8.

Minnesota Statutes 2024, section 62E.25, is amended by adding a subdivision to
read:

new text begin Subd. 4. new text end

new text begin Assessments. new text end

new text begin (a) The association must deposit assessments collected from
eligible carriers into the security plan account under subdivision 1 to pay for operational
costs, administrative costs, and reinsurance payments relating to initiating and operating
the plan.
new text end

new text begin (b) The association must pay for operational costs, administrative costs, and reinsurance
payments relating to initiating and operating the plan using available money in the security
plan account, subject to the following order of the deposited money's source:
new text end

new text begin (1) federal funding received for the plan; and
new text end

new text begin (2) assessments from eligible carriers.
new text end

Sec. 9.

new text begin [62E.26] STATE INNOVATION WAIVER.
new text end

new text begin Subdivision 1. new text end

new text begin Waiver application submission. new text end

new text begin The commissioner of commerce must
apply to the United States Secretary of Health and Human Services and the United States
Secretary of the Treasury under United States Code, title 42, section 18052, for a state
innovation waiver to extend the Minnesota premium security plan for benefit years beginning
January 1, 2028, and future years to maximize federal funding. The waiver application must
clearly state that operation of the Minnesota premium security plan is contingent on approval
of the waiver request and receipt of federal funding for the basic health program in an
amount that is no less than the amount that the basic health program otherwise would have
received absent the waiver.
new text end

new text begin Subd. 2. new text end

new text begin Consultation. new text end

new text begin When developing the waiver application under this section, the
commissioner must consult with the commissioner of human services, the commissioner
of health, and the director of MNsure.
new text end

new text begin Subd. 3. new text end

new text begin Notification. new text end

new text begin The commissioner must notify the chairs and ranking minority
members of the legislative committees with jurisdiction over health and human services
and insurance, and the board of directors of the Minnesota Comprehensive Health
Association, regarding (1) the commissioner's intent to submit a waiver application, and
(2) federal action taken with respect to the waiver request.
new text end

new text begin Subd. 4. new text end

new text begin Waiver denial; plan implementation prohibition. new text end

new text begin If the state innovation
waiver request submitted under subdivision 1 is not approved or if the federal funding for
the basic health program is less than the amount that the basic health program otherwise
would have received absent the waiver, the association is prohibited from administering the
plan and providing reinsurance payments to eligible health carriers.
new text end

ARTICLE 6

ENERGY POLICY

Section 1.

Minnesota Statutes 2024, section 116C.7792, is amended to read:

116C.7792 SOLAR ENERGY PRODUCTION INCENTIVE PROGRAM.

(a) The utility subject to section 116C.779 shall operate a program to provide solar
energy production incentives for solar energy systems of no more than a total aggregate
nameplate capacity of 40 kilowatts alternating current per premise. The owner of a solar
energy system installed before June 1, 2018, is eligible to receive a production incentive
under this section for any additional solar energy systems constructed at the same customer
location, provided that the aggregate capacity of all systems at the customer location does
not exceed 40 kilowatts.

(b) The program is funded by money withheld from transfer to the renewable development
account under section 116C.779, subdivision 1, paragraphs (b) and (e). Program funds must
be placed in a separate account for the purpose of the solar energy production incentive
program operated by the utility and not for any other program or purpose.

(c) Funds allocated to the solar energy production incentive program in 2019 and 2020
remain available to the solar energy production incentive program.

(d) The following amounts are allocated to the solar energy production incentive program:

(1) $10,000,000 in 2021;

(2) $10,000,000 in 2022;

(3) $5,000,000 in 2023;

(4) $11,250,000 in 2024;

(5) $6,250,000 in 2025; and

(6) $5,000,000 each year, beginning in 2026 through 2035.

(e) Notwithstanding the Department of Commerce's November 14, 2018, decision in
Docket No. E002/M-13-1015 regarding operation of the utility's solar energy production
incentive program, half of the amounts allocated each year under paragraph (d), clauses (3),
(4), deleted text begin and deleted text end (5), new text begin and (6), new text end must be reserved for solar energy systems whose installation meets
the eligibility standards for the low-income program established in the November 14, 2018,
decision or successor decisions of the department. All other program operations of the solar
energy production incentive program are governed by the provisions of the November 14,
2018, decision or successor decisions of the department.

(f) Funds allocated to the solar energy production incentive program that have not been
committed to a specific project at the end of a program year remain available to the solar
energy production incentive program.

(g) Any unspent amount remaining on January 1, deleted text begin 2028 deleted text end new text begin 2038 new text end , must be transferred to the
renewable development account.

(h) A solar energy system receiving a production incentive under this section must be
sized to less than 120 percent of the customer's on-site annual energy consumption when
combined with other distributed generation resources and subscriptions provided under
section 216B.1641 associated with the premise. The production incentive must be paid for
ten years commencing with the commissioning of the system.

(i) The utility must file a plan to operate the program with the commissioner of commerce.
The utility may not operate the program until it is approved by the commissioner. A change
to the program to include projects up to a nameplate capacity of 40 kilowatts or less does
not require the utility to file a plan with the commissioner. Any plan approved by the
commissioner of commerce must not provide an increased incentive scale over prior years
unless the commissioner demonstrates that changes in the market for solar energy facilities
require an increase.

Sec. 2.

Minnesota Statutes 2024, section 216C.09, is amended to read:

216C.09 COMMISSIONER DUTIES.

(a) The commissioner shall:

(1) manage the department as the central repository within the state government for the
collection of data on energy;

(2) prepare and adopt an emergency allocation plan specifying actions to be taken in the
event of an impending serious shortage of energy, or a threat to public health, safety, or
welfare;

(3) undertake a continuing assessment of trends in the consumption of all forms of energy
and analyze the social, economic, and environmental consequences of these trends;

(4) carry out energy new text begin conservation and efficiency new text end measures as specified by the legislature
and recommend to the governor and the legislature additional energy policies and new text begin energy
new text end conservation deleted text begin measures deleted text end new text begin and efficiency programming new text end as required to meet the objectives of
this chapter;

(5) collect and analyze data relating to present and future demands and resources for all
sources of energy;

(6) evaluate policies governing the establishment of rates and prices for energy as related
to energy conservation new text begin and energy efficiency new text end , and other goals and policies of this chapter,
and make recommendations for changes in energy pricing policies and rate schedules;

(7) study the impact and relationship of the state energy policies to international, national,
and regional energy policies;

(8) design and implement a state program for deleted text begin the deleted text end new text begin energy new text end conservation deleted text begin of energy deleted text end new text begin and
efficiency new text end ; deleted text begin this deleted text end new text begin the new text end program deleted text begin shall deleted text end new text begin must new text end include but new text begin is new text end not deleted text begin be deleted text end limited to deleted text begin , deleted text end general commercial,
industrial, deleted text begin and deleted text end residential, and transportation areas; deleted text begin such deleted text end new text begin the new text end program deleted text begin shall deleted text end new text begin must new text end also provide
for the evaluation of energy systems as they relate to lighting, heating, refrigeration, air
conditioning, building design and operation, and appliance manufacturing and operation;

(9) inform and educate the public about the sources and uses of energy and the ways in
which deleted text begin persons deleted text end new text begin Minnesotans new text end can new text begin transition to a clean energy future, new text end conserve energy new text begin , and
save money new text end ;

(10) dispense funds made available for the purpose of research studies and projects deleted text begin of
professional and civic orientation deleted text end , which are related to either energy conservation, resource
recovery, or the development of alternative energy technologies which conserve
nonrenewable energy resources while creating minimum environmental impact;

(11) charge other governmental departments and agencies involved in energy-related
activities with specific information gathering goals and require that those goals be met;

(12) design a comprehensive program for the development of deleted text begin indigenous deleted text end energy
resources. The program shall include, but not be limited to, providing technical,
informational, educational, and financial services and materials to persons, businesses,
municipalities, and organizations involved in the development of new text begin primary and emerging
energy sources, including but not limited to new text end solar, wind, hydropower, peat, fiber fuels,
biomass, and other alternative energy resources. The program shall be evaluated by the
alternative energy technical activity; and

(13) dispense loans, grants, or other financial deleted text begin aid deleted text end new text begin resources new text end from money received from
litigation or new text begin a new text end settlement deleted text begin of alleged violations of federal petroleum-pricing regulations deleted text end made
available to the department for that purpose.

(b) Further, the commissioner may participate fully in hearings before the Public Utilities
Commission on matters pertaining to rate design, cost allocation, efficient resource utilization,
utility conservation investments, small power production, cogeneration, and other rate issues.
The commissioner shall support the policies stated in section 216C.05 and shall prepare
and defend testimony proposed to encourage energy conservation improvements as defined
in section 216B.241.

Sec. 3.

Minnesota Statutes 2024, section 216C.10, is amended to read:

216C.10 COMMISSIONER POWERS.

(a) The commissioner may:

(1) adopt rules under chapter 14 as necessary to carry out the purposes of this chapter;

(2) make all contracts under this chapter and do all things necessary to cooperate with
the United States government, and to qualify for, accept, and disburse any grant intended
to administer this chapter;

(3) provide on-site technical assistance to units of local government in order to enhance
local capabilities deleted text begin for dealing with energy problems deleted text end new text begin to provide new text end new text begin energy-related financial
resources, planning, outreach, and engagement new text end ;

(4) administer for the state, energy programs under federal law, regulations, or guidelines,
and coordinate the programs and activities with other state agencies, units of local
government, and educational institutions;

(5) develop a state energy investment plan with yearly energy conservation and alternative
energy development goals, investment targets, and marketing strategies;

(6) perform market analysis studies relating to conservation, alternative and renewable
energy resources, and energy recovery;

(7) assist with the preparation of proposals for innovative conservation, renewable,
alternative, or energy recovery projects;

(8) manage and disburse funds made available for the purpose of research studies or
demonstration projects related to energy conservation or other activities deemed appropriate
by the commissioner;

(9) intervene in certificate of need proceedings before the Public Utilities Commission;

(10) collect fees from recipients of loans, grants, or other financial aid from money
received from litigation or settlement of alleged violations of federal petroleum-pricing
regulations, which fees must be used to pay the department's costs in administering those
financial aids; and

(11) collect fees from proposers and operators of conservation and other energy-related
programs that are reviewed, evaluated, or approved by the department, other than proposers
that are political subdivisions or community or nonprofit organizations, to cover the
department's cost in making the reviewal, evaluation, or approval and in developing additional
programs for others to operate.

(b) Notwithstanding any other law, the commissioner is designated the state agent to
apply for, receive, and accept federal or other funds made available to the state for the
purposes of this chapter.

Sec. 4.

Minnesota Statutes 2024, section 216C.11, is amended to read:

216C.11 ENERGY CONSERVATION INFORMATION CENTER.

new text begin (a) new text end The commissioner deleted text begin shall deleted text end new text begin must new text end establish an Energy Information Center in the
deleted text begin department's offices in St. Paul deleted text end new text begin department new text end . The information center deleted text begin shall deleted text end new text begin must new text end maintain a
deleted text begin toll-free telephone information service and disseminate printed materials on energy
conservation topics, including but not limited to, availability of loans and other public and
private financing methods for energy conservation physical improvements, the techniques
and materials used to conserve energy in buildings, including retrofitting or upgrading
insulation and installing weatherstripping, the projected prices and availability of different
sources of energy, and alternative sources of energy deleted text end new text begin physical, new text end new text begin virtual, and mobile information
service that collects, analyzes, and disseminates energy resources, data, technical assistance
and expertise, financial assistance, connections, and information on a variety of energy
topics relevant to Minnesota consumers, businesses, Tribal and local governments, and
community organizations. The information center must be accessible and responsive to
public inquiries, and must conduct proactive outreach new text end .

deleted text begin The Energy Information Center shall serve as the official Minnesota Alcohol Fuels
Information Center and shall disseminate information, printed, by the toll-free telephone
information service, or otherwise on the applicability and technology of alcohol fuels.
deleted text end

deleted text begin The information center shall include information on the potential hazards of energy
conservation techniques and improvements in the printed materials disseminated. The
commissioner shall not be liable for damages arising from the installation or operation of
equipment or materials recommended by the information center.
deleted text end

new text begin (b) new text end The information center deleted text begin shall deleted text end new text begin must new text end use the information collected under section
216C.02, subdivision 1, to maintain a central source of information on new text begin energy new text end conservation new text begin ,
energy efficiency, new text end and other energy-related programs, including deleted text begin both deleted text end programs required by
law or rule and programs developed and carried on voluntarily.

Sec. 5.

Minnesota Statutes 2024, section 216C.12, is amended to read:

216C.12 ENERGY deleted text begin CONSERVATION PUBLICITY deleted text end new text begin LITERACY new text end .

new text begin (a) new text end The commissioner new text begin , new text end in consultation with other affected agencies or departments deleted text begin shall deleted text end new text begin ,
must new text end develop informational materials deleted text begin , pamphlets and radio and television messages deleted text end new text begin and
messaging new text end on energy conservation and deleted text begin housing deleted text end new text begin energy efficiency new text end programs available in
Minnesota deleted text begin , renewable energy resources, and energy supply and demand. The printed materials
shall include information on available tax credits for residential energy conservation
measures, residential retrofitting loan and grant programs, and data on the economics of
energy conservation and renewable resource measures. Copies of printed materials shall be
distributed to members of the appropriate standing committees of the legislature deleted text end . new text begin The
commissioner must use modern and current outreach strategies and media to distribute the
informational materials and messaging to the widest possible audience.
new text end

new text begin (b) The informational materials must promote energy literacy for individuals and
communities to help individuals and communities make informed decisions on topics ranging
from smart energy use at home and consumer choices to national and international energy
policy. The informational materials must include but are not limited to information on energy
sources, energy generation, energy use, energy conservation strategies, the energy workforce
sector, and state and federal energy-related programs administered by the department.
new text end

Sec. 6.

Minnesota Statutes 2024, section 216C.391, subdivision 1, is amended to read:

Subdivision 1.

Definitions.

(a) For the purposes of this section, the following terms have
the meanings given.

(b) "Competitive funds" means federal funds awarded to selected applicants based on
the grantor's evaluation of the strength of an application measured against all other
applications.

(c) "Disadvantaged community" has the meaning given by the federal agency disbursing
federal funds.

(d) "Eligible entity" means an entity located in Minnesota that is eligible to receive
federal funds, tax credits, loans, or an entity that has at least one Minnesota-based partner,
as determined by the grantor of the federal funds, tax credits, or loans.

(e) "Federal funds" means federal formula or competitive funds available for award to
applicants for energy projects under the Infrastructure Investment and Jobs Act, Public Law
117-58, or the Inflation Reduction Act of 2022, Public Law 117-169.

(f) "Formula funds" means federal funds awarded to all eligible applicants on a
noncompetitive basis.

(g) "Loans" means federal loans from loan funds authorized or funded in the Inflation
Reduction Act of 2022, Public Law 117-169.

(h) "Match" means the amount of deleted text begin state deleted text end new text begin nonfederal new text end money a successful grantee in
Minnesota is required to contribute to a project as a condition of receiving federal funds.

(i) "Political subdivision" has the meaning given in section 331A.01, subdivision 3.

(j) "Project" means the activities proposed to be undertaken by an eligible entity awarded
federal funds and are located in Minnesota or will directly benefit Minnesotans.

(k) "Tax credits" means federal tax credits authorized in the Inflation Reduction Act of
2022, Public Law 117-169.

(l) "Tribal government" has the meaning given in section 116J.64, subdivision 4.

Sec. 7.

Minnesota Statutes 2024, section 216C.391, subdivision 3, is amended to read:

Subd. 3.

Grant awards; eligible entities; priorities.

(a) Grants may be awarded under
this section to eligible entities in accordance with the following order of priorities:

(1) federal formula funds directed to the state that require a match;

(2) federal funds directed to a political subdivision or a Tribal government that require
a match;

(3) federal funds directed to an institution of higher education, a consumer-owned utility,
a business, or a nonprofit organization that require a match;

(4) federal funds directed to investor-owned utilities that require a match;

(5) federal funds directed to an eligible entity not included in clauses (1) to (4) that
require a match; and

(6) all other grant opportunities directed to eligible entities that do not require a match
but for which the commissioner determines that a grant made under this section is likely to
enhance the likelihood of an applicant receiving federal funds, or to increase the potential
amount of federal funds received.

(b) By November 15, 2023, the commissioner must develop and publicly post, and report
to the chairs and ranking minority members of the legislative committees with jurisdiction
over energy finance, the federal energy grant funds that are eligible for state matching funds
under this section.

new text begin (c) Notwithstanding Minnesota Statutes, section 16B.98, subdivision 5, paragraph (b),
a grant made under this section may exceed five years.
new text end

ARTICLE 7

WEIGHTS & MEASURES POLICY

Section 1.

new text begin [239.90] RETAIL ELECTRIC VEHICLE SUPPLY EQUIPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms have
the meanings given.
new text end

new text begin (b) "Electric vehicle supply equipment" or "EVSE" means a conductor, including an
ungrounded, grounded, and equipment grounding conductor, electric vehicle connector,
attachment plug, and other fitting, device, power outlet, or apparatus installed specifically
to measure, deliver, and compute the price of electrical energy delivered to an electric
vehicle.
new text end

new text begin (c) "Electricity sold as vehicle fuel" means electrical energy transferred to or stored
onboard an electric vehicle primarily to propel the electric vehicle.
new text end

new text begin (d) "Fixed service" means a service that continuously provides the nominal power that
is possible with the equipment as installed.
new text end

new text begin (e) "Nominal power" means the intended, named, or stated, as opposed to the actual,
rate of electrical energy transfer.
new text end

new text begin (f) "Variable service" means a service that may be controlled, resulting in periods of
reduced or interrupted transfer of electrical energy.
new text end

new text begin Subd. 2. new text end

new text begin Inspection; fees. new text end

new text begin The director must inspect a retail EVSE annually or as often
as is possible given budgetary and staffing limitations. The director must charge an EVSE
owner a $100 fee to inspect and test each EVSE charging port.
new text end

new text begin Subd. 3. new text end

new text begin EVSE program account; appropriation. new text end

new text begin An EVSE program account is created
in the special revenue fund of the state treasury. The commissioner must credit to the account
fees collected from inspections under this section and appropriations and transfers made to
the account. Earnings, including interest, dividends, and any other earnings arising from
assets of the account, must be credited to the account. Money in the account is appropriated
to the commissioner to pay for operations of the EVSE program.
new text end

new text begin Subd. 4. new text end

new text begin Method of sale. new text end

new text begin (a) Electrical energy kept, offered, or exposed for sale and
sold at retail as a vehicle fuel must be expressed in kilowatt-hour units.
new text end

new text begin (b) In addition to the price per kilowatt-hour for the quantity of electrical energy sold,
a fee may be assessed for other services. A fee assessed for another service may be a fixed
fee or may be based on time measurement.
new text end

new text begin Subd. 5. new text end

new text begin Labeling. new text end

new text begin (a) A computing EVSE must display the unit price in whole cents
or tenths of one cent, based on the price per kilowatt-hour. If the electrical energy is unlimited
or free of charge, the computing EVSE must clearly indicate that the electrical energy is
unlimited or free of charge in lieu of the unit price.
new text end

new text begin (b) For a fixed service application, the following information must be conspicuously
displayed or posted on the face of the device:
new text end

new text begin (1) the level of electric vehicle service, expressed as the nominal power transfer; and
new text end

new text begin (2) the type of electrical energy transfer.
new text end

new text begin (c) If a fee is assessed for other services in direct connection with fueling the vehicle,
including but not limited to a fee based on time measurement or a fixed fee, the additional
fee must be displayed.
new text end

new text begin (d) An EVSE must be labeled in a manner that complies with Federal Trade
Commissioner labeling requirements for alternative fuels and alternative fueled vehicles,
Code of Federal Regulations, title 16, part 309.
new text end

new text begin (e) An EVSE must be listed and labeled in a manner that complies with the National
Electric Code NFPA 70, Article 625, Electric Vehicle Charging Systems.
new text end

new text begin Subd. 6. new text end

new text begin Advertising; sign prices. new text end

new text begin (a) When a sign or device is used to advertise the
price of electricity to fuel a vehicle, the price for electrical energy must be expressed in
price per kilowatt-hour, in whole cents or tenths of one cent. If the electrical energy is
unlimited or free of charge, advertising or sign must clearly indicate that the electrical energy
is unlimited or free of charge in lieu of the unit price.
new text end

new text begin (b) If more than one electrical energy unit price may apply over the duration of a single
transaction or sale to the general public, the terms and conditions that determine each unit
price and the times each unit price apply must be clearly displayed.
new text end

new text begin (c) For a fixed service application, the following information must be conspicuously
displayed or posted:
new text end

new text begin (1) the level of electric vehicle service, expressed as the nominal power transfer; and
new text end

new text begin (2) the type of electrical energy transfer.
new text end

new text begin (d) For a variable service application, the following information must be conspicuously
displayed or posted:
new text end

new text begin (1) the type of delivery;
new text end

new text begin (2) the minimum and maximum power transfer that may occur during a transaction,
including whether service may be reduced to zero;
new text end

new text begin (3) the conditions under which a variation in electrical energy transfer occurs; and
new text end

new text begin (4) the type of electrical energy transfer.
new text end

new text begin (e) If a fee is assessed for other services in direct connection with the fueling of the
vehicle, including but not limited to a fee based on time measurement or a fixed fee, the
additional fee must be included on all street signs or other advertising.
new text end

new text begin Subd. 7. new text end

new text begin Administrative rulemaking. new text end

new text begin For purposes of this section, the commissioner
may use the expedited rulemaking process under section 14.389 to adopt administrative
rules that incorporate the 2025 version of NIST Handbook 44 into Minnesota Rules, chapter
7601.
new text end

ARTICLE 8

CANNABIS POLICY

Section 1.

Minnesota Statutes 2024, section 342.17, is amended to read:

342.17 SOCIAL EQUITY APPLICANTS.

(a) An applicant qualifies as a social equity applicant if the applicant:

(1) was convicted new text begin of, received a stay of adjudication under chapter 609 for, or was
adjudicated delinquent under chapter 260B new text end of an offense involving the possession or sale
of cannabis or marijuana prior to May 1, 2023;

(2) had a parent, guardian, child, spouse, or dependent who was convicted of an offense
involving the possession or sale of cannabis or marijuana prior to May 1, 2023;

(3) was a dependent of an individual who was convicted of an offense involving the
possession or sale of cannabis or marijuana prior to May 1, 2023;

(4) is a military veteran, including a service-disabled veteran, current or former member
of the national guard;

(5) is a military veteran or current or former member of the national guard who lost
honorable status due to an offense involving the possession or sale of cannabis or marijuana;

(6) has been a resident for the last five years of one or more subareas, such as census
tracts or neighborhoods:

(i) that experienced a disproportionately large amount of cannabis enforcement as
determined by the study conducted by the office pursuant to section 342.04, paragraph (b),
or another report based on federal or state data on arrests or convictions;

(ii) where the poverty rate was 20 percent or more;

(iii) where the median family income did not exceed 80 percent of the statewide median
family income or, if in a metropolitan area, did not exceed the greater of 80 percent of the
statewide median family income or 80 percent of the median family income for that
metropolitan area;

(iv) where at least 20 percent of the households receive assistance through the
Supplemental Nutrition Assistance Program; or

(v) where the population has a high level of vulnerability according to the Centers for
Disease Control and Prevention and Agency for Toxic Substances and Disease Registry
(CDC/ATSDR) Social Vulnerability Index; or

(7) has participated in the business operation of a farm for at least three years and
currently provides the majority of the day-to-day physical labor and management of a farm
that had gross farm sales of at least $5,000 but not more than $100,000 in the previous year.

(b) The qualifications described in paragraph (a) apply to each individual applicant or,
in the case of a business entity, apply to at least 65 percent of the controlling ownership of
the business entity.

Sec. 2.

Minnesota Statutes 2024, section 342.37, is amended by adding a subdivision to
read:

new text begin Subd. 2a. new text end

new text begin Cannabis testing facility licenses. new text end

new text begin (a) Pending an applicant's accreditation
by a laboratory accrediting organization approved by the office, the office may issue or
renew a cannabis testing facility license for an applicant that is a person, cooperative, or
business if the applicant:
new text end

new text begin (1) submits documentation to the office demonstrating that the applicant has a signed
contract with a laboratory accreditation organization approved by the office, has scheduled
an audit, and is making progress toward accreditation by a laboratory accrediting organization
approved by the office according to the standards of the most recent edition of ISO/IEC
17025: General Requirements for the Competence of Testing and Calibration Laboratories;
new text end

new text begin (2) passes a final site inspection conducted by the office; and
new text end

new text begin (3) meets all other licensing requirements according to chapter 342 and Minnesota Rules.
new text end

new text begin (b) After receiving a license under this section, a license holder may operate a cannabis
testing facility up to one year with pending accreditation status.
new text end

new text begin (c) If, after one year, a license holder continues to have pending accreditation status, the
license holder may apply for a onetime extension to continue operations for up to six months.
The office may grant an extension under this paragraph to a license holder if the license
holder:
new text end

new text begin (1) passes a follow-up site inspection conducted by the office;
new text end

new text begin (2) submits an initial audit report from a laboratory accrediting organization approved
by the office; and
new text end

new text begin (3) submits any additional information requested by the office.
new text end

new text begin (d) The office may revoke a cannabis testing facility license held by a license holder
with pending accreditation status if the office determines or has reason to believe that the
license holder:
new text end

new text begin (1) is not making progress toward accreditation; or
new text end

new text begin (2) has violated a cannabis testing requirement, an ownership requirement, or an
operational requirement in chapter 342 or Minnesota Rules.
new text end

new text begin (e) The office must not issue or renew a cannabis testing facility license under this
subdivision for a license holder if the license holder's accreditation has been suspended or
revoked by a laboratory accrediting organization.
new text end

Sec. 3.

Minnesota Statutes 2024, section 342.37, is amended by adding a subdivision to
read:

new text begin Subd. 2b. new text end

new text begin Loss of accreditation. new text end

new text begin (a) A license holder must report loss of accreditation
to the office within 24 hours of receiving notice of the loss of accreditation.
new text end

new text begin (b) The office must immediately revoke a license holder's license upon receiving notice
that the license holder has lost accreditation.
new text end