HF4666
Money transferred from the family and medical benefit insurance account to the general fund.
Legislative Session 94 (2025-2026)
Related bill: SF4812
AI Generated Summary
Purpose
To move money within state funds by transferring a portion of the Family and Medical Benefit Insurance Account to the General Fund as a one-time action connected to the Minnesota Paid Leave Law.
Main Provisions
- On June 30, 2026, the commissioner of management and budget must execute a one-time transfer of $70,000,000.
- Source: from the Family and Medical Benefit Insurance Account (FMBI) established in Minnesota Statutes § 268B.02, subd. 4.
- Destination: the General Fund.
- This is a single, non-recurring transfer and does not establish ongoing funding arrangements.
Significant Changes to Existing Law
- Creates a one-time transfer of $70,000,000 from the FMBI to the General Fund, reducing the funds available in the FMBI.
- Represents a shift of money associated with the Minnesota Paid Leave Law from a dedicated account to the General Fund, potentially affecting the financing available for paid leave programs.
- No changes to program requirements or ongoing funding mechanisms are specified; the action is limited to the one-time transfer.
Implications
- The FMBI balance would be reduced by $70 million on the transfer date.
- The General Fund would receive $70 million, altering the state’s available resources for that fiscal period.
- The action is limited in time (one-time) and does not establish new ongoing funding.
Relevant Terms
- Family and Medical Benefit Insurance Account (FMBI)
- General Fund
- One-time transfer
- June 30, 2026
- Minnesota Paid Leave Law
- Minnesota Statutes § 268B.02, subd. 4
- Commissioner of Management and Budget
- Transfer from FMBI to General Fund
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 25, 2026 | House | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill transfers funds from the family and medical benefit insurance account to the general fund, citing Minnesota Statutes section 268B.02, subdivision 4.",
"modified": []
},
"citation": "268B.02",
"subdivision": "subdivision 4"
}
]Progress through the legislative process
In Committee