2006 Minnesota Statutes

16A.1522 REBATE REQUIREMENTS.
    Subdivision 1. Forecast. If, on the basis of a forecast of general fund revenues and
expenditures in November of an even-numbered year or February of an odd-numbered year, the
commissioner projects a positive unrestricted budgetary general fund balance at the close of
the biennium that exceeds one-half of one percent of total general fund biennial revenues, the
commissioner shall designate the entire balance as available for rebate to the taxpayers of this
state.
    Subd. 2. Plan. If the commissioner designates an amount for rebate in either forecast, the
governor shall present a plan to the legislature for rebating that amount. The plan must provide
for payments to begin no later than August 15 of the odd-numbered year. By April 15 of each
odd-numbered year, the legislature shall enact, modify, or reject the plan presented by the
governor.
    Subd. 3. Certification. By July 15 of each odd-numbered year, based on a preliminary
analysis of the general fund balance at the end of the fiscal year June 30, the commissioner of
finance shall certify to the commissioner of revenue the amount available for rebate.
    Subd. 4. Transfer to tax relief account. Any positive unrestricted budgetary general fund
balance on June 30 of an odd-numbered year is appropriated to the commissioner for transfer to
the tax relief account.
    Subd. 5. Appropriation. A sum sufficient to pay any rebate due under the plan enacted
under subdivision 2 is appropriated from the general fund to the commissioner of revenue.
History: 1999 c 243 art 15 s 1; 2005 c 156 art 2 s 17