1.1 	A bill for an act
1.2 	relating to insurance; reinsurance; transferring money to fund the Minnesota 
1.3 	premium security plan.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. TRANSFER.
 1.6 	The commissioner of management and budget must transfer $261,732,000 in fiscal year 
1.7 	2024 from the general fund to the premium security plan account under Minnesota Statutes, 
1.8 	section 62E.25, subdivision 1, to fully fund the five-year waiver period for the state's 
1.9 	reinsurance program. This is a onetime transfer.