SF2393

SF2393 (Legislative Session 94 (2025-2026))

Commerce and energy biennial budget establishment

Related bill: HF2442

AI Generated Summary

Purpose of the Bill

This legislative bill aims to establish a biennial budget for commerce and energy sectors in Minnesota. It modifies existing provisions related to small loans, lending, renewable energy, energy conservation, cannabis regulations, and electric vehicle infrastructure. The bill also includes funding for various government departments and initiatives within these sectors.

Main Provisions

Appropriations: The bill specifies budget allocations for fiscal years 2026 and 2027, distributing funds to various departments such as the Department of Commerce and the Office of Cannabis Management.
Financial Support for Vulnerable Populations: Funds are allocated for programs assisting low-income and financially underserved people to improve financial stability, savings, and credit.
Cybersecurity and Modernization: Allocation for modernization and cybersecurity upgrades within commerce-related sectors.
Cannabis Industry: Establishes funding for cannabis community renewal grants and CanGrow revolving loan accounts, with administrative expenses covered by up to three percent of these funds.
Law Enforcement and Fraud Prevention: Financing for additional fraud prevention officers and body cameras for the Commerce Fraud Bureau.
Renewable Energy and Efficiency: Modifications to current laws to promote renewable energy, conservation, and energy efficiency.
Electric Vehicle Infrastructure: Implementing regulations for retail electric vehicle supply equipment.

Significant Changes to Existing Law

Modification of Existing Statutes: The bill changes certain Minnesota Statutes concerning commercial and consumer protection laws, cannabis licenses, and health plan evaluations.
Budget Reallocation: Adjustments in budget targets for technology and accessibility-related initiatives.
Cannabis Management Adjustments: Amends previous appropriations for the Office of Cannabis Management, increasing the financial base for future fiscal years and allowing flexibility in fund transfers within the department.

Relevant Terms

consumer small loans, cannabis licenses, renewable energy, energy efficiency, electric vehicle supply equipment, financial inclusivity, cybersecurity, fraud prevention, mental health parity, cannabis community renewal grants, CanGrow revolving loan account, telecommunications access.

Bill text versions

Introduction PDF file
Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
March 09, 2025	Senate	Floor	Action	Introduction and first reading
March 09, 2025	Senate	Floor	Action	Referred to	Commerce and Consumer Protection
March 12, 2025	Senate	Floor	Action	Withdrawn and re-referred to	Energy, Utilities, Environment, and Climate

Citations

[
  {
    "analysis": {
      "added": [
        "A new subdivision providing further clarity on loan agreements."
      ],
      "removed": [
        "Restrictions on interest rates have been eliminated."
      ],
      "summary": "Amendments to provisions governing consumer small loans and lending under Minnesota Statutes section 47.60.",
      "modified": [
        "Updated definitions and terms related to borrower qualifications."
      ]
    },
    "citation": "47.60"
  },
  {
    "analysis": {
      "added": [
        "A new subdivision for additional reporting requirements."
      ],
      "removed": [],
      "summary": "Modifications to the Minnesota premium security plan under section 62E.21.",
      "modified": [
        "Clarifies the eligibility criteria for the security plan beneficiaries."
      ]
    },
    "citation": "62E.21"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Funding for report related to intermediate blends of gasoline and biofuels, as governed by section 239.791.",
      "modified": [
        "Allocates funding to generate annual report on biofuel use."
      ]
    },
    "citation": "239.791"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Funding and policy amendments for the Commerce Fraud Bureau under section 45.0135.",
      "modified": [
        "Adjusts the transfer provisions from the general fund."
      ]
    },
    "citation": "45.0135"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Creation of the Mental Health Parity and Substance Abuse Accountability Office as referenced in section 62Q.465.",
      "modified": [
        "Establishes administrative funding to support parity compliance."
      ]
    },
    "citation": "62Q.465"
  },
  {
    "analysis": {
      "added": [
        "Funding allocated for new advocacy and advisory roles."
      ],
      "removed": [],
      "summary": "Creation of a student loan advocate position under section 58B.011.",
      "modified": []
    },
    "citation": "58B.011"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Allocations related to telecommunications access Minnesota fund under section 237.52.",
      "modified": [
        "Budget allocations increased for enhanced telecommunications services."
      ]
    },
    "citation": "237.52"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Transfers subject to compliance with general finance procedures under section 16A.281.",
      "modified": [
        "Clarifies transfer protocols and oversight requirements."
      ]
    },
    "citation": "16A.281"
  }
]