SF 50

as introduced - 91st Legislature, 2020 2nd Special Session (2020 - 2020) Posted on 07/21/2020 07:46am

A bill for an act
relating to agriculture; allocating future unrestricted general fund surplus dollars;
appropriating money for bioincentive programs; amending Minnesota Statutes
2018, section 16A.152, subdivision 2, as amended.

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

Section 1.

Minnesota Statutes 2018, section 16A.152, subdivision 2, as amended Laws
2020, First Special Session chapter 1, section 1, is amended to read:

Subd. 2.

Additional revenues; priority.

(a) If on the basis of a forecast of general fund
revenues and expenditures, the commissioner of management and budget determines that
there will be a positive unrestricted budgetary general fund balance at the close of the
biennium, the commissioner of management and budget must allocate money to the following
accounts and purposes in priority order:

(1) the cash flow account established in subdivision 1 until that account reaches
$350,000,000;

(2) the budget reserve account established in subdivision 1a until that account reaches
$1,596,522,000;

(3) the amount necessary to increase the aid payment schedule for school district aids
and credits payments in section 127A.45 to not more than 90 percent rounded to the nearest
tenth of a percent without exceeding the amount available and with any remaining funds
deposited in the budget reserve;

(4) the amount necessary to restore all or a portion of the net aid reductions under section
127A.441 and to reduce the property tax revenue recognition shift under section 123B.75,
subdivision 5, by the same amount;

(5) deleted text begin the clean water fund established in section 114D.50 until $22,000,000 has been
transferred into the fund deleted text end new text begin beginning in fiscal year 2025, the renewable development account
established in section 116C.779 until $10,000,000 has been transferred into the account new text end ;
and

(6) the amount necessary to increase the Minnesota 21st century fund by not more than
the difference between $5,000,000 and the sum of the amounts credited and canceled to it
in the previous 12 months under Laws 2020, chapter 71, article 1, section 11, until the sum
of all transfers under this section and all amounts credited or canceled under Laws 2020,
chapter 71, article 1, section 11, equals $20,000,000.

(b) The amounts necessary to meet the requirements of this section are appropriated
from the general fund within two weeks after the forecast is released or, in the case of
transfers under paragraph (a), clauses (3) and (4), as necessary to meet the appropriations
schedules otherwise established in statute.

(c) The commissioner of management and budget shall certify the total dollar amount
of the reductions under paragraph (a), clauses (3) and (4), to the commissioner of education.
The commissioner of education shall increase the aid payment percentage and reduce the
property tax shift percentage by these amounts and apply those reductions to the current
fiscal year and thereafter.

(d) Paragraph (a), clause (5), expires after the entire amount of the transfer has been
made.

Sec. 2. new text begin APPROPRIATION; BIOINCENTIVE PROGRAMS.
new text end

new text begin Notwithstanding Minnesota Statutes, section 116C.779, subdivision 1, paragraph (j),
$5,000,000 in fiscal year 2021 and $5,000,000 in fiscal year 2022 are appropriated from
the renewable development account in the special revenue fund to the commissioner of
agriculture to issue payments to producers of advanced biofuels, renewable chemicals, and
biomass thermal energy under Minnesota Statutes, sections 41A.16, 41A.17, and 41A.18.
Payments shall be made first to claimants which did not receive full payment for claims
made in fiscal year 2020 and then to claimants for claims filed in fiscal year 2021 and then
for claims filed in fiscal year 2022. These appropriations are onetime and are available until
June 30, 2024.
new text end

new text begin EFFECTIVE DATE. new text end

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