A bill for an act
relating to commerce; establishing a biennial budget for Department of Commerce;
modifying various provisions governing insurance; establishing a strengthen
Minnesota homes program; regulating money transmitters; establishing and
modifying provisions governing energy, renewable energy, and utility regulation;
establishing a state competitiveness fund; making technical changes; establishing
penalties; authorizing administrative rulemaking; requiring reports; appropriating
money; amending Minnesota Statutes 2022, sections 46.131, subdivision 11;
62D.02, by adding a subdivision; 62D.095, subdivisions 2, 3, 4, 5; 62Q.46,
subdivisions 1, 3; 62Q.81, subdivision 4, by adding a subdivision; 216B.62,
subdivision 3b; 216C.264, subdivision 5, by adding subdivisions; 216C.375,
subdivisions 1, 3, 10, 11; proposing coding for new law in Minnesota Statutes,
chapters 53B; 65A; 216C; repealing Minnesota Statutes 2022, sections 53B.01;
53B.02; 53B.03; 53B.04; 53B.05; 53B.06; 53B.07; 53B.08; 53B.09; 53B.10;
53B.11; 53B.12; 53B.13; 53B.14; 53B.15; 53B.16; 53B.17; 53B.18; 53B.19;
53B.20; 53B.21; 53B.22; 53B.23; 53B.24; 53B.25; 53B.26; 53B.27, subdivisions
1, 2, 5, 6, 7.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATIONS.
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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 "2024" and "2025" used in this article mean that the appropriations listed under
them are available for the fiscal year ending June 30, 2024, or June 30, 2025, respectively.
"The first year" is fiscal year 2024. "The second year" is fiscal year 2025. "The biennium"
is fiscal years 2024 and 2025. If an appropriation in this act is enacted more than once in
the 2023 legislative session, the appropriation must be given effect only once.
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APPROPRIATIONS new text end |
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Available for the Year new text end |
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Ending June 30 new text end |
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2024 new text end |
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2025 new text end |
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Sec. 2. new text begin DEPARTMENT OF COMMERCE
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new text begin Subdivision 1. new text end
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Total Appropriation
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$ new text end |
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235,565,000 new text end |
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$ new text end |
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78,932,000 new text end |
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Appropriations by Fund new text end |
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2024 new text end |
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2025 new text end |
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General new text end |
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231,608,000 new text end |
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74,927,000 new text end |
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Special Revenue new text end |
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2,093,000 new text end |
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2,093,000 new text end |
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Workers' Compensation Fund new text end |
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788,000 new text end |
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815,000 new text end |
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Petroleum Tank new text end |
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1,076,000 new text end |
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1,097,000 new text end |
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The amounts that may be spent for each
purpose are specified in the following
subdivisions.
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new text begin Subd. 2. new text end
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Financial Institutions
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2,372,000 new text end |
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2,492,000 new text end |
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(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.
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(b) $254,000 each year is to administer the
requirements of Minnesota Statutes, chapter
58B.
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new text begin Subd. 3. new text end
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Administrative Services
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9,158,000 new text end |
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9,415,000 new text end |
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(a) $353,000 each year is for system
modernization and cybersecurity upgrades for
the unclaimed property program.
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(b) $586,000 in the first year and $608,000 in
the second year are for additional operations