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 amendment specifies that by December 1 of each year, the commissioner of management and budget must assess the projected balance in the fund for the biennium. If this balance indicates a ratio of revenues to expenditures and transfers greater than 125 percent, and the actual cash balance is deemed adequate, the commissioner, in consultation with the commissioner of revenue, must reduce the tax rates for the subsequent calendar year to ensure the structural balance of the fund.

Additionally, the bill clarifies that the rate reduction is contingent upon the projected revenues not exceeding 125 percent of expenditures and transfers, and the new rate will be rounded to the nearest one-tenth of one percent. The rate reduction is temporary, expiring at the end of each calendar year, and is subject to an annual review by the commissioner of management and budget. The amendments replace the word "shall" with "must" in several instances, emphasizing the mandatory nature of these assessments and actions.

Statutes affected:
Introduction: 295.52