HF 2443

1st Engrossment - 94th Legislature (2025 - 2026) Posted on 04/21/2025 12:39pm

A bill for an act
relating to commerce; appropriating money for Department of Commerce, Office
of Cannabis Management, and Legislative Coordinating Commission duties and
activities; creating a common interest community ombudsperson; modifying certain
private fund adviser registration fees; creating a task force on homeowners and
commercial property insurance; requiring a report; amending Minnesota Statutes
2024, sections 80A.58; 80A.65, subdivision 2, by adding a subdivision; Laws
2023, chapter 63, article 9, section 5; proposing coding for new law in Minnesota
Statutes, chapter 45.

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

ARTICLE 1

COMMERCE AND OFFICE OF CANNABIS MANAGEMENT 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 42,442,000 new text end

new text begin $ new text end

new text begin 43,093,000 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 39,534,000 new text end	new text begin 40,185,000 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 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) $735,000 each year is for additional
advisor and broker-dealer examiners.
new text end

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

new text begin 11,643,000 new text end

new text begin 12,321,000 new text end

new text begin (a) $401,000 each year is for unclaimed
property compliance.
new text end

new text begin (b) $353,000 each year is for information
technology systems and cybersecurity
upgrades for the unclaimed property program.
new text end

new text begin (c) $564,000 each year is for modernization
initiatives for the unclaimed property program.
new text end

new text begin (d) $5,000 each year is for compensating the
Real Estate Appraisal Advisory Board under
Minnesota Statutes, section 82B.073.
new text end

new text begin (e) $23,000 each year is for preliminary
licensing applications.
new text end

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

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

new text begin (h) $75,000 each year is for copper metal
licensing and enforcement under Minnesota
Statutes, section 325E.21.
new text end

new text begin (i) $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 (j) $343,000 each year is for the common
interest community ombudsperson established
under Minnesota Statutes, section 45.0137.
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) $215,000 each year is from the workers'
compensation fund.
new text end

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

new text begin (c) $197,000 each year is to maintain a student
loan advocate position under Minnesota
Statutes, section 58B.011.
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 13,689,000 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 (a) $600,000 each year is from the workers'
compensation fund.
new text end

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

new text begin (c) $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 (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) $432,000 each year is for pharmacy benefit
manager licensing and enforcement under
Minnesota, Statutes, chapter 62W.
new text end

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

new text begin $ new text end

new text begin 200,000 new text end

new text begin $ new text end

new text begin -0- new text end

new text begin $200,000 in fiscal year 2025 is to the
Legislative Coordinating Commission to
provide administrative support to the task
force on homeowners and commercial
property insurance under article 2, section 5.
Upon request of the task force, the
commissioners of the Department of
Commerce, Minnesota Housing and Finance
Agency, and the Department of Employment
and Economic Development must provide
technical support and expertise. This is a
onetime appropriation and is available until
June 30, 2026.
new text end

Sec. 4. new text begin OFFICE OF CANNABIS MANAGEMENT new text end

new text begin $ new text end

new text begin 36,454,000 new text end

new text begin $ new text end

new text begin 39,347,000 new text end

new text begin (a) $14,258,000 each 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 incurred by the Office
of Cannabis Management. The base is
$7,500,000 each year beginning in fiscal year
2028.
new text end

new text begin (b) $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 incurred by the Office of Cannabis
Management.
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.

$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. new text begin Notwithstanding
Minnesota Statutes, section 16A.28, the
amount appropriated in fiscal year 2025 does
not cancel and is available until June 30, 2026.
new text end The base for this appropriation is $15,000,000
in fiscal year 2026 and each fiscal year
thereafter.

$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

COMMERCE POLICY

Section 1.

new text begin [45.0137] COMMON INTEREST COMMUNITY OMBUDSPERSON.
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 terms defined in this
subdivision have the meanings given.
new text end

new text begin (b) "Association" means an association of apartment owners, as defined in section 515.02,
subdivision 5, an association, as defined in section 515A.1-103, clause (3), and association
as defined in section 515B.1-103, clause (4).
new text end

new text begin (c) "Common interest community" has the meaning given in section 515B.1-103, clause
(10).
new text end

new text begin (d) "Governing documents" means a common interest community's declaration, articles
of incorporation, bylaws, and any amendments thereto.
new text end

new text begin (e) "Unit owner" means an apartment owner, as defined in section 515.02, subdivision
3, a unit owner under section 515A.1-103, clause (20), and a unit owner, as defined in
section 515B.1-103, clause (37).
new text end

new text begin Subd. 2. new text end

new text begin Establishment. new text end

new text begin (a) A common interest community ombudsperson position is
established within the Department of Commerce to:
new text end

new text begin (1) assist unit owners, their tenants, and associations in understanding their rights under
chapter 515B and their governing documents; and
new text end

new text begin (2) facilitate the resolution of disputes between unit owners and associations.
new text end

new text begin (b) The ombudsperson is appointed by the governor, serves in the unclassified service,
and may be removed only for just cause.
new text end

new text begin Subd. 3. new text end

new text begin Qualifications. new text end

new text begin The ombudsperson must be selected without regard to political
affiliation, must be qualified and experienced to perform the duties of the office, and must
be skilled in dispute resolution techniques. The ombudsperson must not be a unit owner,
be employed by a business entity that provides management or consulting services to an
association, or otherwise be affiliated with an association or management company. A
person is prohibited from serving as ombudsperson while holding another public office.
new text end

new text begin Subd. 4. new text end

new text begin Duties. new text end

new text begin (a) The ombudsperson must execute the duties under subdivision 2,
paragraph (a), by taking the following actions:
new text end

new text begin (1) creating plain language explanations of common provisions in governing documents;
and
new text end

new text begin (2) identifying and providing resources and referrals related to the rights and
responsibilities of unit owners and associations.
new text end

new text begin (b) Upon the request of a unit owner or an association, the ombudsperson must provide
dispute resolution services, including acting as a mediator, in disputes concerning chapter
515B and governing documents, except where:
new text end

new text begin (1) a complaint based on the same dispute is pending in a judicial or administrative
proceeding;
new text end

new text begin (2) the same disputed issue has been addressed or is currently in arbitration, mediation,
or another alternative dispute resolution process; or
new text end

new text begin (3) the association notifies the ombudsperson that an order under section 609.748 is in
effect against the unit owner.
new text end

new text begin (c) The ombudsperson must compile and analyze complaints received to identify issues
and trends.
new text end

new text begin (d) The ombudsperson must maintain a website containing, at a minimum:
new text end

new text begin (1) the text of chapter 515B and any other relevant statutes or rules;
new text end

new text begin (2) a plain language explanation of common provisions of governing documents;
new text end

new text begin (3) information regarding the services provided by the common interest community
ombudsperson, including assistance with dispute resolution;
new text end

new text begin (4) information and referrals regarding alternative dispute resolution methods and
programs, and resources regarding the rights and responsibilities of unit owners and
associations; and
new text end

new text begin (5) any other information that the ombudsperson determines is useful to unit owners,
their tenants, associations, and common interest community property management companies.
new text end

new text begin (e) When requested or as the ombudsperson deems necessary, the ombudsperson must
provide reports and recommendations to the legislative committees with jurisdiction over
common interest communities.
new text end

new text begin (f) In the course of assisting to resolve a dispute, the ombudsperson may, at reasonable
times and with 24 hours prior notice, enter and view premises within the control of the
common interest community.
new text end

new text begin Subd. 5. new text end

new text begin Powers limited. new text end

new text begin The ombudsperson and the commissioner are prohibited from
rendering a formal legal opinion regarding a dispute between a unit owner and an association.
The ombudsperson and commissioner are prohibited from making a formal determination
or issuing an order regarding disputes between a unit owner and an association. Nothing in
this paragraph limits the ability of the commissioner to execute duties or powers under any
other law.
new text end

new text begin Subd. 6. new text end

new text begin Cooperation. new text end

new text begin Upon request, unit owners and associations must participate in
the dispute resolution process under this section and make good faith efforts to resolve
disputes.
new text end

new text begin Subd. 7. new text end

new text begin Landlord and tenant law. new text end

new text begin Nothing in this section modifies, supersedes, limits,
or expands the rights and duties of landlords and tenants established under chapter 504B or
any other law.
new text end

Sec. 2.

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. 3.

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. 4.

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. 5. new text begin TASK FORCE ON HOMEOWNERS AND COMMERCIAL PROPERTY
INSURANCE.
new text end

new text begin Subdivision 1. new text end

new text begin Establishment. new text end

new text begin A task force is established to evaluate issues and provide
recommendations relating to insurance affordability with respect to single-family housing,
multifamily rental housing, common interest communities, cooperatives, and small
businesses, and preventing disruptions or loss to the development, preservation, and long-term
sustainability of Minnesota's housing infrastructure and small businesses.
new text end

new text begin Subd. 2. new text end

new text begin Membership. new text end

new text begin (a) The task force consists of the following:
new text end

new text begin (1) one member appointed by the commissioner of commerce;
new text end

new text begin (2) one member appointed by the speaker of the house;
new text end

new text begin (3) one member appointed by the speaker emerita of the house;
new text end

new text begin (4) one member appointed by the senate majority leader;
new text end

new text begin (5) one member appointed by the senate minority leader;
new text end

new text begin (6) one member appointed by the Minnesota Consortium of Community Developers;
new text end

new text begin (7) four members with expertise in property and casualty insurance and reinsurance for
single-family and multifamily housing markets, including nonprofit and cooperative housing,
appointed by the Insurance Federation of Minnesota;
new text end

new text begin (8) one member appointed by Big I Minnesota;
new text end

new text begin (9) one member appointed by the Minnesota Realtors;
new text end

new text begin (10) one member appointed by the Minnesota Community Development Financial
Institutions Coalition;
new text end

new text begin (11) one member appointed by the Minnesota Homeownership Center;
new text end

new text begin (12) one member appointed by the Greater Minneapolis Building Owners and Managers
Association;
new text end

new text begin (13) one member appointed by the Minnesota chapter of the Community Associations
Institute;
new text end

new text begin (14) one member appointed by the Minnesota Multi Housing Association;
new text end

new text begin (15) one member appointed by the Housing Justice Center; and
new text end

new text begin (16) one member with climate science expertise appointed by the Legislative Coordinating
Commission.
new text end

new text begin (b) The appointing authorities must make the appointments by August 15, 2025.
new text end

new text begin Subd. 3. new text end

new text begin Duties. new text end

new text begin (a) The task force must identify recommendations to strengthen and
stabilize the homeowners and commercial property insurance industry.
new text end

new text begin (b) The task force must consult with the commissioners of the Minnesota Housing
Finance Agency, the Department of Employment and Economic Development, and other
key stakeholders in the homeowners and commercial property insurance and housing
industries.
new text end

new text begin (c) The task force must review:
new text end

new text begin (1) risk mitigation methodologies;
new text end

new text begin (2) liability laws impacting insurance costs;
new text end

new text begin (3) minimum notice for coverage changes, including enforcement and oversight;
new text end

new text begin (4) public reporting of aggregated data relating to insurance plan costs and coverage;
new text end

new text begin (5) the reinsurance market for homeowners and commercial property insurance;
new text end

new text begin (6) the current state-supported insurance program and the potential to expand the program
to include a catastrophic reinsurance fund and a self-insured pool;
new text end

new text begin (7) factors that increase claim costs, including but not limited to post-loss contractors,
fraudulent claims, climate, inflation, and discontinued building materials; and
new text end

new text begin (8) other areas that would strengthen and stabilize the homeowners and commercial
property insurance industry.
new text end

new text begin Subd. 4. new text end

new text begin Meetings. new text end

new text begin (a) The Legislative Coordinating Commission must ensure the first
meeting of the task force convenes no later than September 15, 2025, and must provide
accessible physical or virtual meeting space as necessary for the task force to conduct work.
new text end

new text begin (b) At the first meeting, the task force must elect a chair or cochairs from the members
appointed by the house of representatives and senate by a majority vote of the members
present and may elect a vice-chair as necessary.
new text end

new text begin (c) The task force must establish a schedule for meetings and must meet as necessary
to accomplish the duties under subdivision 3.
new text end

new text begin (d) The task force is subject to Minnesota Statutes, chapter 13D.
new text end

new text begin Subd. 5. new text end

new text begin Report required. new text end

new text begin (a) The task force must submit a report to the commissioners
of the Department of Commerce, Minnesota Housing Finance Agency, and the Department
of Employment and Economic Development, and the chairs and ranking minority members
of the legislative committees having jurisdiction over the agencies listed in this paragraph
by February 15, 2026.
new text end

new text begin (b) The report must:
new text end

new text begin (1) summarize the activities of the task force;
new text end

new text begin (2) provide findings and recommendations adopted by the task force;
new text end

new text begin (3) list recommended administrative changes to the relevant agencies;
new text end

new text begin (4) include draft legislation to implement nonadministrative recommendations; and
new text end

new text begin (5) include other information the task force believes is necessary to report.
new text end

new text begin Subd. 6. new text end

new text begin Expiration. new text end

new text begin The task force expires upon submission of the report required
under subdivision 5.
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