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SF 4008

as introduced - 90th Legislature (2017 - 2018) Posted on 04/20/2018 08:39am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to commerce; providing funding for the financial institutions account in
the special revenue fund; amending Minnesota Statutes 2017 Supplement, section
46.131, subdivision 11.

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

Section 1.

Minnesota Statutes 2017 Supplement, section 46.131, subdivision 11, is amended
to read:


Subd. 11.

Financial institutions account; appropriation.

(a) The financial institutions
account is created as a separate account in the special revenue fund. deleted text begin The account consists
of funds received from assessments under subdivision 7 and examination fees under
subdivision 8.deleted text end Earnings, including interest, dividends, and any other earnings arising from
account assets, must be credited to the account.

new text begin (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
the following statutory provisions: sections 46.041, subdivision 1; 46.046, subdivision 1;
47.101, subdivision 3; 47.54, subdivision 1; 47.60, subdivision 3; 47.62, subdivision 4;
47.65, subdivision 2; 48.36, subdivision 2; 48.61, subdivision 7; 48A.01, subdivision 1;
48A.14, subdivision 1; 48A.17; 48A.18; 48A.19; 49.36, subdivision 1; 50.001; 52.01;
52.203; 53.03, subdivisions 1, 5, and 6; 53A.03, paragraph (b); 53A.05, subdivision 1;
53A.07, subdivision 2; 53B.09; 53B.11, subdivision 1; 53C.02, paragraph (c); 55.04,
subdivision 2; 55.041; 56.02; 56.04; 56.08; 58.10, subdivision 1; 58A.045, subdivision 2;
59A.03, subdivision 2; 332.30, paragraph (a); 332.54, subdivision 7; 332A.04, subdivision
3; 332A.06; and 332B.04, subdivisions 3 and 6.
 new text end

deleted text begin (b)deleted text end new text begin (c)new text end Funds in the account are annually appropriated to the commissioner of commerce
for activities under this section.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2019.
 new text end