SF4812
Money transferal from the family and medical benefit insurance account to the general fund
Legislative Session 94 (2025-2026)
Related bill: HF4666
AI Generated Summary
Purpose
This bill would move money from the Family and Medical Benefit Insurance (FMBI) account to the General Fund as a one-time action. The FMBI account is part of the Minnesota Paid Leave Law system.
Main Provisions
- On June 30, 2026, the commissioner of management and budget must make a onetime transfer of $70,000,000 from the FMBI account to the General Fund.
- The FMBI account is established in Minnesota Statutes section 268B.02, subdivision 4.
- This action is a one-time transfer and is related to the Minnesota Paid Leave Law.
Significant Changes to Existing Law
- Money is redirected from the FMBI account to the General Fund, reducing the funds available in the FMBI account.
- The change is a single, non-recurring transfer and does not establish ongoing funding changes.
Relevant Terms family and medical benefit insurance account FMBI General Fund one-time transfer June 30, 2026 commissioner of management and budget Minnesota Statutes section 268B.02 subdivision 4 Minnesota Paid Leave Law balance of FMBI transfer of funds
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 25, 2026 | Senate | Action | Introduction and first reading | ||
| March 25, 2026 | Senate | Action | Referred to | Finance |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill provides for a one-time transfer of $70,000,000 from the family and medical benefit insurance account (established in Minnesota Statutes section 268B.02, subdivision 4) to the general fund.",
"modified": []
},
"citation": "268B.02",
"subdivision": "subdivision 4"
}
]Progress through the legislative process
In Committee