Minneslate Logo

HF1920 (Legislative Session 94 (2025-2026))

Money transferred from the general fund for the agriculture best management practices loan program.

Related bill: SF1753

AI Generated Summary

This bill proposes transferring funds to support the Agriculture Best Management Practices (AgBMP) Loan Program in Minnesota. Specifically, it allocates $1,425,000 from the general fund to the agricultural and environmental revolving loan account in the special revenue fund for fiscal years 2026 and 2027. These funds will be used to provide low-interest or no-interest loans through the AgBMP Loan Program under Minnesota Statutes section 17.117. Additionally, the bill establishes a base transfer of $1,425,000 annually starting in fiscal year 2028 and continuing thereafter.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 04, 2025HouseFloorActionIntroduction and first reading, referred toAgriculture Finance and Policy
March 04, 2025HouseFloorActionIntroduction and first reading, referred toAgriculture Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Transfers funds for low-interest or no-interest loans to the loan program."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill relates to the agriculture best management practices loan program under section 17.117.",
      "modified": [
        ""
      ]
    },
    "citation": "17.117",
    "subdivision": "subdivision 5a"
  }
]

Sponsors