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Minnesota Legislature

Office of the Revisor of Statutes

SF 2576

as introduced - 86th Legislature (2009 - 2010) Posted on 02/11/2010 02:38pm

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

Current Version - as introduced

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A bill for an act
relating to state finance; requiring a balanced budget prior to passage of other
legislation; proposing coding for new law in Minnesota Statutes, chapter 16A.

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

Section 1.

new text begin [16A.112] PRIORITY FOR PASSAGE OF BALANCED BUDGET.
new text end

new text begin Subdivision 1. new text end

new text begin General fund balanced budget. new text end

new text begin Notwithstanding any law to
the contrary, the legislature must balance the general fund budget before passing any
conference reports or identical bills to enact changes to Minnesota law that are not
applicable to the general fund budget or to appropriate money from a nongeneral fund
account or fund or to authorize state general obligation bonds and appropriate money from
the bond proceeds fund under section 16A.631 for capital projects. The budget must be
balanced by the passage of one or more conference reports or identical bills in both bodies
that have the effect of balancing general fund revenues and expenditures based on the
forecast under section 16A.103. In an even-numbered year, the legislature must pass a
balanced budget for the current biennium based on the November forecast in the previous
odd-numbered year. In an odd-numbered year, the legislature must pass a balanced budget
for both the current and subsequent biennium based on the most recent forecast.
new text end

new text begin Subd. 2. new text end

new text begin Rules. new text end

new text begin Each house of the legislature shall provide by rule that it will pass a
balanced general fund budget before passing any legislation that is not directly related to
balancing general fund revenue and expenditures for the current or subsequent biennium
based on the forecast under section 16A.103.
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