Purpose of the Bill

The bill is designed to allocate funds for Minnesota's membership in the National Council of Insurance Legislators. This organization works with legislators on issues related to insurance policies and regulations.

Main Provisions

• The bill proposes that $20,000 be allocated from Minnesota’s general fund for both the fiscal year 2026 and the fiscal year 2027.
• These funds are designated to cover membership dues for Minnesota in the National Council of Insurance Legislators.

Significant Changes

• The bill introduces a new financial allocation specifically for the purpose of maintaining Minnesota's membership in an organization dedicated to insurance legislation. This is a one-time appropriation, meaning it is not a recurring expense but rather a specific set of payments for the indicated years.

Relevant Terms

• Appropriation
• General fund
• National Council of Insurance Legislators
• Membership dues
• Fiscal year