This bill appropriates funds for the Department of Commerce, the Office of Cannabis Management, and the Legislative Coordinating Commission, while establishing a common interest community ombudsperson to assist unit owners and associations with their rights and dispute resolution. It modifies registration fees for private fund advisers, increasing the transfer fee for registered agents from $25 to $65 and introducing a $100 filing fee for initial or renewal notices. The bill also creates a task force focused on homeowners and commercial property insurance, which will evaluate insurance affordability and submit a report by February 15, 2026.

Key insertions in the bill include the establishment of the ombudsperson position and the allocation of funds for various programs, such as the Prescription Drug Affordability Board and the senior safe fraud prevention program. The bill amends existing statutes to clarify registration requirements for private fund advisers, including new conditions for exemptions and specific fees. Additionally, it specifies that certain appropriations will remain available until June 30, 2026, and outlines a grandfathering provision for investment advisers to maintain exemptions under certain conditions.

Statutes affected:
Introduction: 47.60, 47.601, 80A.58, 80A.65, 62E.21, 62E.23, 62E.24, 62E.25, 116C.7792, 216C.09, 216C.10, 216C.11, 216C.12, 216C.391, 342.17, 342.37
1st Engrossment: 45.24, 46A.04, 47.20, 47.77, 53B.61, 55.07, 58B.02, 58B.051, 60C.09, 62Q.73, 80A.65, 80A.66, 62A.31, 62A.65, 62D.12, 62D.121, 62J.26, 45.027, 60A.201, 60D.09, 60D.15, 60D.16, 60D.17, 60D.18, 60D.19, 60D.20, 60D.217, 60D.22, 60D.24, 60D.25, 62D.221, 65A.01, 72A.20, 334.01, 80E.12, 168.27, 216B.40, 216B.62, 325G.24, 342.17, 342.37, 116.943, 325E.3892, 325F.072
2nd Engrossment: 45.24, 46A.04, 47.20, 47.77, 53B.61, 55.07, 58B.02, 58B.051, 80A.65, 80A.66, 62A.31, 62A.65, 62D.12, 62D.121, 62J.26, 62Q.73, 45.027, 60A.201, 60C.09, 60D.09, 60D.15, 60D.16, 60D.17, 60D.18, 60D.19, 60D.20, 60D.217, 60D.22, 60D.24, 60D.25, 62D.221, 65A.01, 72A.20, 334.01, 80E.12, 168.27, 216B.40, 216B.62, 325G.24, 342.17, 342.37, 116.943, 325E.3892, 325F.072
3rd Engrossment: 45.24, 46A.04, 47.20, 47.77, 53B.61, 55.07, 58B.02, 58B.051, 80A.65, 80A.66, 82.63, 62A.31, 62A.65, 62D.12, 62D.121, 62J.26, 62Q.73, 45.027, 60A.201, 60C.09, 60D.09, 60D.15, 60D.16, 60D.17, 60D.18, 60D.19, 60D.20, 60D.217, 60D.22, 60D.24, 60D.25, 62D.221, 65A.01, 72A.20, 334.01, 80E.12, 168.27, 216B.40, 216B.62, 325G.24, 342.17, 342.37, 116.943, 325E.3892, 325F.072
1st Unofficial Engrossment: 80A.58, 80A.65