The bill amends Minnesota Statutes 2024, section 295.52, subdivision 8, which governs the contingent reduction in provider tax rates based on the balance of the health care access fund. The amendments replace the word "shall" with "must" in several instances, emphasizing the obligation of the commissioner of management and budget to ensure that the projected balance in the fund reflects a specific ratio of revenues to expenditures. This change aims to clarify the responsibilities of the commissioner in managing the fund's balance.

Additionally, the bill specifies that if the projected balance in the health care access fund exceeds 125 percent of expenditures and transfers, the commissioner, in consultation with the commissioner of revenue, must reduce the tax rates for the subsequent calendar year to maintain a structural balance in the fund. The new tax rate will be rounded to the nearest one-tenth of one percent and will be subject to annual review and redetermination, ensuring that the tax rates remain aligned with the fund's financial health.

Statutes affected:
Introduction: 295.52