as introduced - 91st Legislature (2019 - 2020) Posted on 02/20/2020 03:36pm
A bill for an act
relating to commerce; providing additional funding for the financial institutions
account; amending Minnesota Statutes 2019 Supplement, section 46.131,
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2019 Supplement, section 46.131, subdivision 11, is amended
(a) The financial institutions
account is created as a separate account in the special revenue fund. Earnings, including
interest, dividends, and any other earnings arising from account assets, must be credited to
(b) The account consists of funds received from assessments under subdivision 7,
examination fees under subdivision 8, and funds received pursuant to subdivision 10 and
deleted text begin the following provisionsdeleted text end: sectionsnew text beginnew text end 53B.09; 53B.11, subdivision 1;new text beginnew text end 58A.045, subdivision 2; deleted text beginanddeleted text endnew text beginnew text end 216C.437, subdivision 12new text beginnew text end.
(c) Funds in the account are annually appropriated to the commissioner of commerce
for activities under this section.
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