HF 5001·MN·house
Restrictions on use of Minnesota investment fund local government loan repayment funds temporarily modified, and report required.
IntroducedFiled Apr 16, 2026
Sponsor: Bennett
Latest Action
Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy
Apr 16, 2026
Summary
The bill lets cities, counties and towns that have leftover money from Minnesota investment fund loan repayments move up to one‑fifth of that balance to the state general fund before June 30 2027. The remaining 80% can be spent as general‑purpose aid on any lawful item. Those entities must later report how the money was used by February 15 2028.
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