AI Generated Summary
Purpose of the Bill
The bill aims to set a biennial budget for the commerce and energy sectors in Minnesota for the fiscal years 2026 and 2027. It also seeks to update regulations on consumer loans, energy efficiency, renewable energy, cannabis licenses, electric vehicle supply equipment, and introduce various appropriations and fees.
Main Provisions
- Commerce and Financial Institutions: The bill appropriates funds for enhancing financial services for low-income and underserved populations and supporting system upgrades for unclaimed property management and fraud prevention programs.
- Energy and Conservation: It updates provisions governing renewable energy and energy conservation, focusing on energy efficiency projects.
- Cannabis Management: Establishes funds for cannabis industry community renewal grants and a revolving loan account for industry support. The bill allows flexible allocation of administrative resources within the Office of Cannabis Management.
- Consumer Small Loans: Modifies regulations affecting consumer small loans to presumably offer better consumer protection.
- Electric Vehicles: Establishes guidelines for retail electric vehicle supply equipment with an aim to support electric mobility infrastructure.
- Insurance and Health: Allocates funds to maintain standard health plans and evaluate health benefit mandates, ensuring compliance with health plan regulations.
Significant Changes to Existing Law
- Premium Security Plan and Innovation Waiver: The bill modifies the Minnesota premium security plan and requires the submission of a state innovation waiver.
- Administrative Rulemaking: Authorizes the administrative rulemaking processes to implement the new and revised regulations effectively.
Relevant Terms
- Biennial budget
- Consumer small loans
- Renewable energy
- Cannabis management
- Electric vehicle supply equipment
- Financial services inclusion
- Cybersecurity
- Health benefit mandates
Past committee meetings
- Ways and Means on: April 22, 2025 12:30
- Ways and Means on: April 24, 2025 12:30
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
| April 20, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Ways and Means |
| April 20, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Ways and Means |
| House | Floor | Action | See Senate file in House |
Citations
[
{
"analysis": {
"added": [
"A new subdivision is added to address electronic notifications."
],
"removed": [
"Eliminates outdated licensing requirements."
],
"summary": "Amending existing statutes on consumer small loans and lending under section 47.60.",
"modified": [
"Updates definitions and loan terms to align with current economic conditions."
]
},
"citation": "47.60",
"subdivision": "subdivisions 1, 3, 4, 5, 8"
},
{
"analysis": {
"added": [
"Establishes a new requirement for annual reporting on plan performance."
],
"removed": [
""
],
"summary": "Modifies existing health benefit exchange statutes by adding a subdivision to section 62E.21.",
"modified": [
"Changes in criteria for plan certification."
]
},
"citation": "62E.21",
"subdivision": "by adding a subdivision"
},
{
"analysis": {
"added": [
""
],
"removed": [
"Eliminates the sunset provision in the previous law."
],
"summary": "Adjustments made to the Minnesota premium security plan under section 62E.23.",
"modified": [
"Extends funding and plan operation to cover additional beneficiaries."
]
},
"citation": "62E.23",
"subdivision": "subdivisions 1, 2, 3"
},
{
"analysis": {
"added": [
"Inclusion of stakeholder consultation process in policy formation."
],
"removed": [
"Removes the annual audit requirement."
],
"summary": "Updates to administrative procedures for the premium security plan under section 62E.24.",
"modified": [
"Payment distribution methods refined for increased efficiency."
]
},
"citation": "62E.24",
"subdivision": "subdivisions 1, 2"
},
{
"analysis": {
"added": [
"New subdivision to provide clarifications on enrollment periods."
],
"removed": [
""
],
"summary": "Revisions to enrollment procedures of the premium security plan under section 62E.25.",
"modified": [
"Adjustments to eligibility criteria to broaden beneficiary base."
]
},
"citation": "62E.25",
"subdivision": "subdivision 1"
},
{
"analysis": {
"added": [
"Exemption criteria expanded to include new categories of securities."
],
"removed": [
""
],
"summary": "Amendments to securities law concerning exemptions under section 80A.58.",
"modified": [
"Adjustments to filing fees for exempt transactions."
]
},
"citation": "80A.58",
"subdivision": ""
},
{
"analysis": {
"added": [
""
],
"removed": [
"Eliminates redundant documentation requirements for renewals."
],
"summary": "Changes impact securities registration renewals under section 80A.65, subdivision 2.",
"modified": [
"Timeline for submission of registration renewals standardized."
]
},
"citation": "80A.65",
"subdivision": "subdivision 2"
},
{
"analysis": {
"added": [
"Specific funding allotments detailed for emerging renewable technologies."
],
"removed": [
""
],
"summary": "Modifications to renewable development account funding under section 116C.7792.",
"modified": [
"Allocation processes adjusted to increase oversight and accountability."
]
},
"citation": "116C.7792",
"subdivision": ""
},
{
"analysis": {
"added": [
"Introduction of community-based project funding allocations."
],
"removed": [
"Removes previous compliance deadlines."
],
"summary": "Modifications reflect changes in renewable energy policy under section 216C.09.",
"modified": [
"Procedural updates for grant applications."
]
},
"citation": "216C.09",
"subdivision": ""
},
{
"analysis": {
"added": [
"New targets for energy savings set for 2025 and beyond."
],
"removed": [
""
],
"summary": "Policy updates on energy conservation routines under section 216C.10.",
"modified": [
"Conservation program verification standards refined."
]
},
"citation": "216C.10",
"subdivision": ""
},
{
"analysis": {
"added": [
"Addition of pilot programs for novel energy efficiency initiatives."
],
"removed": [
""
],
"summary": "Changes on energy efficiency program development in section 216C.11.",
"modified": [
"Data submission requirements for participating utilities to be aligned with federal standards."
]
},
"citation": "216C.11",
"subdivision": ""
},
{
"analysis": {
"added": [
"Inclusion of digital tools for audit facilitation."
],
"removed": [
""
],
"summary": "Reformin energy audit processes under section 216C.12.",
"modified": [
"Audit framework updated to improve accuracy and effectiveness."
]
},
"citation": "216C.12",
"subdivision": ""
},
{
"analysis": {
"added": [
"Framework for commercial solar projects."
],
"removed": [
""
],
"summary": "Structural changes to support solar energy in section 216C.391.",
"modified": [
"Revised approval processes for solar installations."
]
},
"citation": "216C.391",
"subdivision": "subdivisions 1, 3"
},
{
"analysis": {
"added": [
"Introduction of quarterly reporting schedule."
],
"removed": [
""
],
"summary": "Amendments addressing biofuel reporting under section 239.791, subdivision 8.",
"modified": [
"Adjustments to reporting criteria to enhance compliance."
]
},
"citation": "239.791",
"subdivision": "subdivision 8"
},
{
"analysis": {
"added": [
""
],
"removed": [
""
],
"summary": "Insurance fraud prevention measures under section 45.0135, subdivision 6.",
"modified": [
"Transfer process for appropriated funds clarified."
]
},
"citation": "45.0135",
"subdivision": "subdivision 6"
},
{
"analysis": {
"added": [
"Provisions for expanded broadband access."
],
"removed": [
""
],
"summary": "Telecommunications funding allocations under section 237.52, subdivision 1.",
"modified": [
"Transfer procedures for telecommunications development funds updated."
]
},
"citation": "237.52",
"subdivision": "subdivision 1"
},
{
"analysis": {
"added": [
""
],
"removed": [
""
],
"summary": "Adjustments concerning state transfer protocols under section 16A.281.",
"modified": [
"Enhanced guidelines for cross-agency fund transfers."
]
},
"citation": "16A.281",
"subdivision": ""
},
{
"analysis": {
"added": [
"Funding provisions established for the board's operation."
],
"removed": [
""
],
"summary": "Creation and maintenance of the Prescription Drug Affordability Board in section 62J.87.",
"modified": [
"Amendments to the roles and responsibilities of board members."
]
},
"citation": "62J.87",
"subdivision": ""
},
{
"analysis": {
"added": [
"Requirements for annual reviews introduced."
],
"removed": [
""
],
"summary": "Evaluations of health benefit mandates in section 62J.26.",
"modified": [
"Evaluation criteria updated for consistency with state health objectives."
]
},
"citation": "62J.26",
"subdivision": ""
},
{
"analysis": {
"added": [
"Compliance measures expanded to include mental health services."
],
"removed": [
""
],
"summary": "Evaluation of health plan company compliance in section 62Q.47, paragraph h.",
"modified": [
"Assessment processes for insurer compliance streamlined."
]
},
"citation": "62Q.47",
"subdivision": "paragraph h"
},
{
"analysis": {
"added": [
"Increased funding allocations for expanded mental health services."
],
"removed": [
""
],
"summary": "Maintenance of Mental Health Parity and Substance Abuse Accountability Office under section 62Q.465.",
"modified": [
"Operational guidelines for the office revised."
]
},
"citation": "62Q.465",
"subdivision": ""
},
{
"analysis": {
"added": [
"Establishes advocacy services for student loan borrowers."
],
"removed": [
""
],
"summary": "Creation of a student loan advocate position under section 58B.011.",
"modified": [
"Advocate's duties and responsibilities clarified."
]
},
"citation": "58B.011",
"subdivision": ""
}
]