Minnesota § 16A.286 TRANSFER; DISASTER ASSISTANCE CONTINGENCY ACCOUNT

Minnesota Statutes

§ 16A.286 — TRANSFER; DISASTER ASSISTANCE CONTINGENCY ACCOUNT

Minnesota § 16A.286

PartADMINISTRATION AND FINANCE

Ch. 16ADEPARTMENT OF MANAGEMENT AND BUDGET

This text of Minnesota § 16A.286 (TRANSFER; DISASTER ASSISTANCE CONTINGENCY ACCOUNT) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 16A.286 (2026).

Text

(a)If the balance in the disaster assistance contingency account under section12.221at the end of a biennium is less than $50,000,000, the commissioner of management and budget must make transfers according to this section.

(b)If the final general fund closing balance for a biennium exceeds the closing balance projected for that biennium at the end of the previous regular legislative session by at least $50,000,000, the commissioner of management and budget must transfer the difference between $50,000,000 and the balance in the disaster assistance contingency account at the end of the biennium from the general fund to the disaster assistance contingency account.

(c)If the final general fund closing balance for a biennium exceeds the closing balance projected for that biennium at the end

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(a) If the balance in the disaster assistance contingency account under section12.221at the end of a biennium is less than $50,000,000, the commissioner of management and budget must make transfers according to this section.
(b) If the final general fund closing balance for a biennium exceeds the closing balance projected for that biennium at the end of the previous regular legislative session by at least $50,000,000, the commissioner of management and budget must transfer the difference between $50,000,000 and the balance in the disaster assistance contingency account at the end of the biennium from the general fund to the disaster assistance contingency account.
(c) If the final general fund closing balance for a biennium exceeds the closing balance projected for that biennium at the end of the previous legislative session by less than $50,000,000, the commissioner of management and budget must transfer the difference between $50,000,000 and the balance in the disaster assistance contingency account at the end of the biennium from the general fund to the disaster assistance contingency account. The amount transferred under this paragraph shall not exceed the difference between the final closing balance for the previous biennium and the closing balance projected for the general fund at the end of the previous regular legislative session.
(d) For the purposes of this section, the term "regular legislative session" includes a special legislative session to enact the biennial budget.
(e) If a transfer is required under this section, the transfer must be completed before October 15 following the end of the previous biennium.