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Minnesota Legislature

Office of the Revisor of Statutes

HF 3321

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Introduction Posted on 02/13/2002

Current Version - as introduced

  1.1                          A bill for an act 
  1.2             relating to higher education; appropriations; 
  1.3             providing for budget priorities and calculation of 
  1.4             biennial budgets. 
  1.6      Section 1.  [2002-2003 BIENNIUM ADDITIONAL REVENUES; 
  1.7   PRIORITY.] 
  1.8      Notwithstanding Minnesota Statutes 2001 Supplement, section 
  1.9   16A.152, subdivision 2, if on the basis of a forecast of general 
  1.10  fund revenues and expenditures the commissioner of finance 
  1.11  determines that there will be a positive unrestricted budgetary 
  1.12  general fund balance at the close of the biennium ending June 
  1.13  30, 2002, money must be allocated in the following order of 
  1.14  priority:  
  1.15     (1) the first $100,000,000 must be restricted for use as 
  1.16  the budget reserve account; 
  1.17     (2) one-half of any excess over $100,000,000 must be used 
  1.18  to restore the appropriation reductions to the board of trustees 
  1.19  of the Minnesota state colleges and universities and board of 
  1.20  regents of the University of Minnesota enacted by the 2002 
  1.21  legislature, prorated among the boards in proportion to those 
  1.22  appropriation reductions, but not to exceed the amount of those 
  1.23  appropriation reductions; and 
  1.24     (3) one-half of any excess over $100,000,000, and any 
  1.25  amount remaining after the application of clause (2), must be 
  2.1   used to restore the budget reserve account to $653,000,000. 
  2.2      The amount necessary to meet the requirements of clause (2) 
  2.3   is appropriated from the general fund.  
  2.5      The changes in appropriations in any act of the 2002 
  2.6   legislature that reduce appropriations to the board of trustees 
  2.7   of the Minnesota state colleges and universities and board of 
  2.8   regents of the University of Minnesota must not be taken into 
  2.9   account when calculating the 2004-2005 biennial budgets for 
  2.10  post-secondary systems.  Except for changes attributable to 
  2.11  enrollment or internal reallocation of appropriated money, the 
  2.12  fiscal year 2004 instructional base used by each system in its 
  2.13  respective 2004-2005 biennial budget request must not differ 
  2.14  from the spending level established by Laws 2001, First Special 
  2.15  Session chapter 1.