HF2828

Purpose of the Bill

The purpose of this bill is to increase the penalties for the crime of embezzlement of public funds in Minnesota. It seeks to provide stricter consequences for individuals who steal significant amounts of money from public resources.

Main Provisions

• The bill specifically amends Minnesota Statutes 2024, section 609.54, which deals with the crime of embezzlement of public funds.
• The penalties for embezzlement are divided into tiers based on the amount of funds involved:
  1. If the embezzled amount is $2,500 or less, the penalty can be up to five years of imprisonment, a fine of up to $10,000, or both.
  2. If the embezzled amount is more than $2,500 but less than $100,000, the penalty can be up to ten years of imprisonment, a fine of up to $20,000, or both.
  3. If the embezzled amount is $100,000 or more, the penalty can be up to 20 years of imprisonment, a fine of up to $50,000, or both.

Significant Changes

• The bill modifies existing law by adjusting the financial thresholds that determine the severity of penalties for embezzling public funds and clarifies the terms of incarceration and fines relative to the amounts embezzled.

Relevant Terms

• Embezzlement
• Public funds
• Imprisonment
• Fine
• Penalty
• Financial thresholds