HF2028 (Legislative Session 94 (2025-2026))
National Council of Insurance Legislators membership dues funding provided, and money appropriated.
Related bill: SF2475
AI Generated Summary
Purpose of the Bill
The purpose of the bill is to allocate funds for the state of Minnesota to join the National Council of Insurance Legislators (NCOIL).
Main Provisions
- The bill proposes appropriating $20,000 for fiscal year 2026 and another $20,000 for fiscal year 2027.
- These funds are designated to cover the membership dues for Minnesota's participation in NCOIL.
- The appropriations are stated to be one-time allocations, indicating they are not intended to be continuous or recurring beyond these two specific fiscal years.
Significant Changes
- This bill introduces a new financial commitment by the state to become a member of the National Council of Insurance Legislators, which represents a shift in focus to engage with national legislative efforts related to insurance.
Relevant Terms
- Appropriations
- General fund
- Commissioner of Commerce
- National Council of Insurance Legislators (NCOIL)
- Fiscal year
- Membership dues
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 09, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
| March 16, 2025 | House | Floor | Action | Committee report, to adopt and re-refer to | Ways and Means |