HF2442

HF2442 (Legislative Session 94 (2025-2026))

Biennial budget for commerce and energy established, various energy provisions modified, provisions governing consumer small loans and lending modified, Minnesota premium security plan modified, state innovation waiver submission required, provisions governing cannabis licenses modified, and money appropriated.

Related bill: SF2393

AI Generated Summary

Purpose of the Bill

This bill aims to set a two-year budget for Minnesota's commerce and energy sectors. It proposes several modifications to existing laws, particularly in areas concerning consumer loans, renewable energy, and cannabis regulation. Additionally, it outlines various allocations and appropriations for different government offices and programs.

Main Provisions

Commerce and Energy Budget: Establishes a biennial budget for commerce and energy, detailing appropriations for fiscal years 2026 and 2027. Funds are allocated to several departments including the Department of Commerce, with specific amounts designated for different purposes.
Consumer Loans and Lending: Revises statutes related to consumer small loans, with the goal of making lending practices more consumer-friendly and regulated.
Minnesota Premium Security Plan: Proposes changes aimed at enhancing the plan's functionality, potentially adjusting funding mechanisms or operational approaches.
Renewable Energy and Conservation: Updates provisions governing renewable energy, energy conservation, and energy efficiency to promote cleaner energy practices and resource conservation in Minnesota.
Electric Vehicle Supply Regulation: Introduces regulations for retail electric vehicle supply equipment to improve access and infrastructure for electric vehicle owners.
Cannabis Regulation: Includes stipulations on cannabis licenses, imposes assessments and fees, and specifies funding for cannabis industry community renewal grants.

Significant Changes to Existing Law

Administrative and Rulemaking Authority: The bill grants additional rulemaking authority, allowing administrative changes to better manage commerce and energy regulations.
Telecommunications Funding: It includes provisions for funding telecommunications access, especially for underserved communities, and supporting commission work related to disabilities.
Cannabis Management Transfers: Allows the Office of Cannabis Management flexibility in transferring funds and positions within its department to efficiently manage resources and operations.
Appropriations for Various Programs: New and existing programs receive specific funding allocations, such as financial services inclusion initiatives, cybersecurity upgrades, and drug affordability strategies.

Relevant Terms

Biennial budget
Consumer small loans
Minnesota premium security plan
Renewable energy
Energy conservation
Electric vehicle supply equipment
Cannabis licenses and regulations
Administrative rulemaking
Telecommunication access

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
March 16, 2025	House	Floor	Action	Introduction and first reading, referred to	Energy Finance and Policy

Citations

[
  {
    "analysis": {
      "added": [
        "A new subsection clarifying disbursement rules."
      ],
      "removed": [
        "Eliminates previous requirement for municipal matching funds."
      ],
      "summary": "This bill modifies pension fund eligibility for volunteer firefighters under section 353G.06.",
      "modified": [
        "Adjusts pension payment schedule from annual to quarterly."
      ]
    },
    "citation": "353G.06"
  }
]