Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2443 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		1.1 A bill for an act
2		-	1.2 relating to commerce; appropriating money for Department of Commerce, Office
3		-	1.3 of Cannabis Management, and Legislative Coordinating Commission duties and
4		-	1.4 activities; creating a common interest community ombudsperson; modifying certain
5		-	1.5 private fund adviser registration fees; creating a task force on homeowners and
6		-	1.6 commercial property insurance; requiring a report; amending Minnesota Statutes
7		-	1.7 2024, sections 80A.58; 80A.65, subdivision 2, by adding a subdivision; Laws
8		-	1.8 2023, chapter 63, article 9, section 5; proposing coding for new law in Minnesota
9		-	1.9 Statutes, chapter 45.
10		-	1.10BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
11		-	1.11 ARTICLE 1
12		-	1.12 COMMERCE AND OFFICE OF CANNABIS MANAGEMENT FINANCE
13		-	1.13Section 1. APPROPRIATIONS.
14		-	1.14 The sums shown in the columns marked "Appropriations" are appropriated to the agencies
15		-	1.15and for the purposes specified in this article. The appropriations are from the general fund,
16		-	1.16or another named fund, and are available for the fiscal years indicated for each purpose.
17		-	1.17The figures "2026" and "2027" used in this article mean that the appropriations listed under
18		-	1.18them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
19		-	1.19"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
20		-	1.20is fiscal years 2026 and 2027. If an appropriation in this act is enacted more than once in
21		-	1.21the 2025 legislative session or a special session, the appropriation must be given effect only
22		-	1.22once.
23		-	1.23 APPROPRIATIONS
24		-	1.24 Available for the Year
25		-	1.25 Ending June 30
26		-	20271.26 2026
	2	+	1.2 relating to commerce; establishing a biennial budget for commerce and energy;
	3	+	1.3 modifying provisions governing consumer small loans and lending; modifying the
	4	+	1.4 Minnesota premium security plan; requiring submission of a state innovation
	5	+	1.5 waiver; modifying provisions governing renewable energy, energy conservation,
	6	+	1.6 and energy efficiency; regulating retail electric vehicle supply equipment; modifying
	7	+	1.7 provisions governing certain cannabis licenses; imposing assessments and fees;
	8	+	1.8 appropriating money; authorizing administrative rulemaking; amending Minnesota
	9	+	1.9 Statutes 2024, sections 47.60, subdivisions 1, 3, 4, 5, 8, by adding a subdivision;
	10	+	1.10 47.601, subdivisions 1, 5a, 7; 62E.21, by adding a subdivision; 62E.23, subdivisions
	11	+	1.11 1, 2, 3; 62E.24, subdivisions 1, 2; 62E.25, subdivision 1, by adding a subdivision;
	12	+	1.12 80A.58; 80A.65, subdivision 2, by adding a subdivision; 116C.7792; 216C.09;
	13	+	1.13 216C.10; 216C.11; 216C.12; 216C.391, subdivisions 1, 3; 342.17; 342.37, by
	14	+	1.14 adding subdivisions; Laws 2023, chapter 63, article 9, section 5; proposing coding
	15	+	1.15 for new law in Minnesota Statutes, chapters 62E; 239.
	16	+	1.16BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
	17	+	1.17 ARTICLE 1
	18	+	1.18 COMMERCE FINANCE
	19	+	1.19Section 1. APPROPRIATIONS.
	20	+	1.20 The sums shown in the columns marked "Appropriations" are appropriated to the agencies
	21	+	1.21and for the purposes specified in this article. The appropriations are from the general fund,
	22	+	1.22or another named fund, and are available for the fiscal years indicated for each purpose.
	23	+	1.23The figures "2026" and "2027" used in this article mean that the appropriations listed under
	24	+	1.24them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
	25	+	1.25"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
	26	+	1.26is fiscal years 2026 and 2027. If an appropriation in this act is enacted more than once in
	27	+	1.27the 2025 legislative session or a special session, the appropriation must be given effect only
	28	+	1.28once.
27	29		1Article 1 Section 1.
28		-	REVISOR RSI ~~H2443-1~~~~HF2443 FIRST ENGROSSMENT~~
	30	+	REVISOR RSI/VJ 25-0280802/25/25
29	31		State of Minnesota
30	32		This Document can be made available
31	33		in alternative formats upon request
32	34		HOUSE OF REPRESENTATIVES
33	35		H. F. No. 2443
34	36		NINETY-FOURTH SESSION
35	37		Authored by Her03/17/2025
36		-	The bill was read for the first time and referred to the Committee on Commerce Finance and Policy
37		-	Adoption of Report: Amended and re-referred to the Committee on Ways and Means04/21/2025 2.1Sec. 2. DEPARTMENT OF COMMERCE
38		-	43,093,000$42,442,000$2.2Subdivision 1.Total Appropriation
39		-	2.3 Appropriations by Fund
	38	+	The bill was read for the first time and referred to the Committee on Commerce Finance and Policy 2.1 APPROPRIATIONS
	39	+	2.2 Available for the Year
	40	+	2.3 Ending June 30
40	41		20272.4 2026
41		-	40,185,00039,534,0002.5General
	42	+	2.5Sec. 2. DEPARTMENT OF COMMERCE
	43	+	42,750,000$42,163,000$2.6Subdivision 1.Total Appropriation
	44	+	2.7 Appropriations by Fund
	45	+	20272.8 2026
	46	+	39,842,00039,191,0002.9General
42	47		815,000815,000
43		-	2.6Workers'
44		-	2.7Compensation Fund
45		-	2,093,0002,093,0002.8Special Revenue
46		-	2.9The amounts that may be spent for each
47		-	2.10purpose are specified in the following
48		-	2.11subdivisions.
49		-	3,227,0003,227,0002.12Subd. 2.Financial Institutions
50		-	2.13(a) $400,000 each year is for a grant to Prepare
51		-	2.14and Prosper to develop, market, evaluate, and
52		-	2.15distribute a financial services inclusion
53		-	2.16program that (1) assists low-income and
54		-	2.17financially underserved populations to build
55		-	2.18savings and strengthen credit, and (2) provides
56		-	2.19services to assist low-income and financially
57		-	2.20underserved populations to become more
58		-	2.21financially stable and secure. Money
59		-	2.22remaining after the first year is available for
60		-	2.23the second year.
61		-	2.24(b) $735,000 each year is for additional
62		-	2.25advisor and broker-dealer examiners.
63		-	12,321,00011,643,0002.26Subd. 3.Administrative Services
64		-	2.27(a) $401,000 each year is for unclaimed
65		-	2.28property compliance.
66		-	2.29(b) $353,000 each year is for information
67		-	2.30technology systems and cybersecurity
68		-	2.31upgrades for the unclaimed property program.
69		-	2.32(c) $564,000 each year is for modernization
70		-	2.33initiatives for the unclaimed property program.
	48	+	2.10Workers'
	49	+	2.11Compensation Fund
	50	+	2,093,0002,093,0002.12Special Revenue
	51	+	-0-64,000
	52	+	2.13Family Medical
	53	+	2.14Benefit Insurance
	54	+	2.15The amounts that may be spent for each
	55	+	2.16purpose are specified in the following
	56	+	2.17subdivisions.
	57	+	3,227,0003,227,0002.18Subd. 2.Financial Institutions
	58	+	2.19(a) $400,000 each year is for a grant to Prepare
	59	+	2.20and Prosper to develop, market, evaluate, and
	60	+	2.21distribute a financial services inclusion
	61	+	2.22program that (1) assists low-income and
	62	+	2.23financially underserved populations to build
	63	+	2.24savings and strengthen credit, and (2) provides
	64	+	2.25services to assist low-income and financially
	65	+	2.26underserved populations to become more
	66	+	2.27financially stable and secure. Money
	67	+	2.28remaining after the first year is available for
	68	+	2.29the second year.
	69	+	2.30(b) $254,000 each year is to administer
	70	+	2.31Minnesota Statutes, chapter 58B.
	71	+	11,978,00011,300,0002.32Subd. 3.Administrative Services
	72	+	2.33(a) $353,000 each year is for system
	73	+	2.34modernization and cybersecurity upgrades for
	74	+	2.35the unclaimed property program.
71	75		2Article 1 Sec. 2.
72		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 3.1(d) $5,000 each year is for compensating the
73		-	3.2Real Estate Appraisal Advisory Board under
74		-	3.3Minnesota Statutes, section 82B.073.
75		-	3.4(e) $23,000 each year is for preliminary
76		-	3.5licensing applications.
77		-	3.6(f) $249,000 each year is for the senior safe
78		-	3.7fraud prevention program.
79		-	3.8(g) $500,000 each year is to operate the
80		-	3.9Prescription Drug Affordability Board
81		-	3.10established under Minnesota Statutes, section
82		-	3.1162J.87.
83		-	3.12(h) $75,000 each year is for copper metal
84		-	3.13licensing and enforcement under Minnesota
85		-	3.14Statutes, section 325E.21.
86		-	3.15(i) $12,000 each year is for the intermediate
87		-	3.16blends of gasoline and biofuels report under
88		-	3.17Minnesota Statutes, section 239.791,
89		-	3.18subdivision 8.
90		-	3.19(j) $343,000 each year is for the common
91		-	3.20interest community ombudsperson established
92		-	3.21under Minnesota Statutes, section 45.0137.
93		-	7,751,0007,751,0003.22Subd. 4.Enforcement
94		-	3.23 Appropriations by Fund
95		-	7,536,0007,536,0003.24General
	76	+	REVISOR RSI/VJ 25-0280802/25/25 3.1(b) $249,000 each year is for the senior safe
	77	+	3.2fraud prevention program.
	78	+	3.3(c) $500,000 each year is to create and
	79	+	3.4maintain the Prescription Drug Affordability
	80	+	3.5Board established under Minnesota Statutes,
	81	+	3.6section 62J.87.
	82	+	3.7(d) $12,000 each year is for the intermediate
	83	+	3.8blends of gasoline and biofuels report under
	84	+	3.9Minnesota Statutes, section 239.791,
	85	+	3.10subdivision 8.
	86	+	7,751,0007,751,0003.11Subd. 4.Enforcement
	87	+	3.12 Appropriations by Fund
	88	+	7,536,0007,536,0003.13General
96	89		215,000215,000
97		-	3.25Workers'
98		-	3.26Compensation
99		-	3.27(a) $215,000 each year is from the workers'
100		-	3.28compensation fund.
101		-	3.29(b) $225,000 each year is to operate the Mental
102		-	3.30Health Parity and Substance Abuse
103		-	3.31Accountability Office under Minnesota
104		-	3.32Statutes, section 62Q.465.
	90	+	3.14Workers'
	91	+	3.15Compensation
	92	+	3.16(a) $811,000 each year is for five additional
	93	+	3.17peace officers in the Commerce Fraud Bureau.
	94	+	3.18Money under this paragraph is transferred
	95	+	3.19from the general fund to the insurance fraud
	96	+	3.20prevention account under Minnesota Statutes,
	97	+	3.21section 45.0135, subdivision 6.
	98	+	3.22(b) $21,000 each year is for body cameras
	99	+	3.23worn by Commerce Fraud Bureau agents.
	100	+	3.24(c) $215,000 each year is from the workers'
	101	+	3.25compensation fund.
	102	+	3.26(d) $225,000 each year is to create and
	103	+	3.27maintain the Mental Health Parity and
	104	+	3.28Substance Abuse Accountability Office under
	105	+	3.29Minnesota Statutes, section 62Q.465.
	106	+	3.30(e) $197,000 each year is to create and
	107	+	3.31maintain a student loan advocate position
	108	+	3.32under Minnesota Statutes, section 58B.011.
105	109		3Article 1 Sec. 2.
106		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 4.1(c) $197,000 each year is to maintain a student
107		-	4.2loan advocate position under Minnesota
108		-	4.3Statutes, section 58B.011.
109		-	3,235,0003,235,0004.4Subd. 5.Telecommunications
110		-	4.5 Appropriations by Fund
111		-	1,142,0001,142,0004.6General
112		-	2,093,0002,093,0004.7Special Revenue
113		-	4.8$2,093,000 each year is from the
114		-	4.9telecommunications access Minnesota fund
115		-	4.10under Minnesota Statutes, section 237.52,
116		-	4.11subdivision 1, in the special revenue fund for
117		-	4.12the following transfers:
118		-	4.13(1) $1,620,000 each year is to the
119		-	4.14commissioner of human services to
120		-	4.15supplement the ongoing operational expenses
121		-	4.16of the Commission of Deaf, DeafBlind, and
122		-	4.17Hard-of-Hearing Minnesotans. This transfer
123		-	4.18is subject to Minnesota Statutes, section
124		-	4.1916A.281;
125		-	4.20(2) $290,000 each year is to the chief
126		-	4.21information officer to coordinate technology
127		-	4.22accessibility and usability;
128		-	4.23(3) $133,000 each year is to the Legislative
129		-	4.24Coordinating Commission for captioning
130		-	4.25legislative coverage. This transfer is subject
131		-	4.26to Minnesota Statutes, section 16A.281; and
132		-	4.27(4) $50,000 each year is to the Office of
133		-	4.28MN.IT Services for a consolidated access fund
134		-	4.29to provide grants or services to other state
135		-	4.30agencies related to accessibility of web-based
136		-	4.31services.
	110	+	REVISOR RSI/VJ 25-0280802/25/25 4.1(f) $283,000 each year is for law enforcement
	111	+	4.2salary increases authorized under Laws 2021,
	112	+	4.3First Special Session chapter 4, article 9,
	113	+	4.4section 1.
	114	+	3,235,0003,235,0004.5Subd. 5.Telecommunications
	115	+	4.6 Appropriations by Fund
	116	+	1,142,0001,142,0004.7General
	117	+	2,093,0002,093,0004.8Special Revenue
	118	+	4.9$2,093,000 each year is from the
	119	+	4.10telecommunications access Minnesota fund
	120	+	4.11under Minnesota Statutes, section 237.52,
	121	+	4.12subdivision 1, in the special revenue fund for
	122	+	4.13the following transfers:
	123	+	4.14(1) $1,620,000 each year is to the
	124	+	4.15commissioner of human services to
	125	+	4.16supplement the ongoing operational expenses
	126	+	4.17of the Commission of Deaf, DeafBlind, and
	127	+	4.18Hard-of-Hearing Minnesotans. This transfer
	128	+	4.19is subject to Minnesota Statutes, section
	129	+	4.2016A.281;
	130	+	4.21(2) $290,000 each year is to the chief
	131	+	4.22information officer to coordinate technology
	132	+	4.23accessibility and usability;
	133	+	4.24(3) $133,000 each year is to the Legislative
	134	+	4.25Coordinating Commission for captioning
	135	+	4.26legislative coverage. This transfer is subject
	136	+	4.27to Minnesota Statutes, section 16A.281; and
	137	+	4.28(4) $50,000 each year is to the Office of
	138	+	4.29MN.IT Services for a consolidated access fund
	139	+	4.30to provide grants or services to other state
	140	+	4.31agencies related to accessibility of web-based
	141	+	4.32services.
137	142		4Article 1 Sec. 2.
138		-	REVISOR RSI ~~H2443-1~~~~HF2443 FIRST ENGROSSMENT~~ 13,483,00013,~~689~~,0005.1Subd. 6.Insurance
	143	+	REVISOR RSI/VJ 25-0280802/25/25 13,483,00013,753,0005.1Subd. 6.Insurance
139	144		5.2 Appropriations by Fund
140	145		12,883,00013,089,0005.3General
141	146		600,000600,000
142	147		5.4Workers'
143	148		5.5Compensation
144		-	5.6(a) $600,000 each year is from the workers'
145		-	5.7compensation fund.
146		-	5.8(b) $136,000 each year is to advance
	149	+	-0-64,000
	150	+	5.6Family and Medical
	151	+	5.7Benefit Insurance
	152	+	5.8(a) $136,000 each year is to advance
147	153		5.9standardized health plan options.
148		-	5.10(c) $105,000 each year is to evaluate
	154	+	5.10(b) $105,000 each year is to evaluate
149	155		5.11legislation for new mandated health benefits
150	156		5.12under Minnesota Statutes, section 62J.26.
151		-	5.13(d) $42,000 each year is ~~to ensure health plan~~
152		-	5.~~14company compliance with Minnesota Statutes,~~
153		-	5.~~15section 62Q.47~~, ~~paragraph (h).~~
154		-	5.~~16(e) $432~~,~~000 each year is for pharmacy benefit~~
155		-	5.~~17manager licensing and enforcement under~~
156		-	5.~~18Minnesota~~, ~~Statutes,~~ ~~chapter 62W.~~
157		-	5.~~19(f) $25,000 each year is to evaluate existing~~
158		-	5.~~20statutory health benefit mandates.~~
159		-	~~3,076,0002,897,000~~5.~~21Subd. 7.Weights~~ and ~~Measures Division~~
160		-	~~-0-$200~~,000$
161		-	~~5.22Sec. 3. LEGISLATIVE COORDINATING~~
162		-	5.~~23COMMISSION~~
163		-	5.~~24$200,000 in fiscal year 2025 is to the~~
164		-	5.~~25Legislative Coordinating Commission to~~
165		-	5.~~26provide administrative support to the task~~
166		-	5.~~27force on homeowners and commercial~~
167		-	5.~~28property insurance under article 2,~~ ~~section 5.~~
168		-	5.~~29Upon request of~~ the ~~task force, the~~
169		-	5.~~30commissioners of the Department of~~
170		-	5.~~31Commerce~~, ~~Minnesota Housing and Finance~~
171		-	5.~~32Agency, and the Department of Employment~~
172		-	5.~~33and Economic Development must provide~~
173		-	5.~~34technical support and expertise.~~ This ~~is a~~
	157	+	5.13(c) $600,000 each year is from the workers'
	158	+	5.14compensation fund.
	159	+	5.15(d) $42,000 each year is to ensure health plan
	160	+	5.16company compliance with Minnesota Statutes,
	161	+	5.17section 62Q.47, paragraph (h).
	162	+	5.18(e) $25,000 each year is to evaluate existing
	163	+	5.19statutory health benefit mandates.
	164	+	5.20The general fund base is $8,914,000 in fiscal
	165	+	5.21year 2028 and $8,914,000 in fiscal year 2029.
	166	+	3,076,0002,897,0005.22Subd. 7.Weights and Measures Division
	167	+	40,096,000$37,189,000$
	168	+	5.23Sec. 3. OFFICE OF CANNABIS
	169	+	5.24MANAGEMENT
	170	+	5.25$15,000,000 each year is for cannabis industry
	171	+	5.26community renewal grants under Minnesota
	172	+	5.27Statutes, section 342.70. Of this amount, up
	173	+	5.28to three percent may be used to pay for
	174	+	5.29administrative expenses incurred by the Office
	175	+	5.30of Cannabis Management.
	176	+	5.31$1,000,000 each year is for transfer to the
	177	+	5.32CanGrow revolving loan account established
	178	+	5.33under Minnesota Statutes, section 342.73,
	179	+	5.34subdivision 4. Of this amount, up to three
174	180		5Article 1 Sec. 3.
175		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 6.1onetime appropriation and is available until
176		-	6.2June 30, 2026.
177		-	39,347,000$36,454,000$
178		-	6.3Sec. 4. OFFICE OF CANNABIS
179		-	6.4MANAGEMENT
180		-	6.5(a) $14,258,000 each year is for cannabis
181		-	6.6industry community renewal grants under
182		-	6.7Minnesota Statutes, section 342.70. Of these
183		-	6.8amounts, up to three percent may be used for
184		-	6.9administrative expenses incurred by the Office
185		-	6.10of Cannabis Management. The base is
186		-	6.11$7,500,000 each year beginning in fiscal year
187		-	6.122028.
188		-	6.13(b) $1,000,000 each year is for transfer to the
189		-	6.14CanGrow revolving loan account established
190		-	6.15under Minnesota Statutes, section 342.73,
191		-	6.16subdivision 4. Of these amounts, up to three
192		-	6.17percent may be used for administrative
193		-	6.18expenses incurred by the Office of Cannabis
194		-	6.19Management.
195		-	6.20 Sec. 5. Laws 2023, chapter 63, article 9, section 5, is amended to read:
	181	+	REVISOR RSI/VJ 25-0280802/25/25 6.1percent may be used to pay for administrative
	182	+	6.2expenses incurred by the Office of Cannabis
	183	+	6.3Management.
	184	+	6.4 Sec. 4. TRANSFERS.
	185	+	6.5 With advance approval from the commissioner of management and budget, the director
	186	+	6.6of the Office of Cannabis Management may transfer positions, salary money, and nonsalary
	187	+	6.7administrative money within the Office of Cannabis Management as the director of the
	188	+	6.8Office of Cannabis Management determines is necessary. The director of the Office of
	189	+	6.9Cannabis Management must inform the chairs and ranking minority members of the
	190	+	6.10legislative committees with jurisdiction over commerce quarterly regarding transfers made
	191	+	6.11under this section.
	192	+	6.12 Sec. 5. Laws 2023, chapter 63, article 9, section 5, is amended to read:
196	193		17,953,000$21,614,000$
197		-	6.21Sec. 5. OFFICE OF CANNABIS
198		-	6.22MANAGEMENT
199		-	6.23The base for this appropriation is $35,587,000
200		-	6.24in fiscal year 2026 and $38,144,000 in fiscal
201		-	6.25year 2027.
202		-	6.26$1,000,000 the second year is for cannabis
203		-	6.27industry community renewal grants under
204		-	6.28Minnesota Statutes, section 342.70. Of these
205		-	6.29amounts, up to three percent may be used for
206		-	6.30administrative expenses. Notwithstanding
207		-	6.31Minnesota Statutes, section 16A.28, the
208		-	6.32amount appropriated in fiscal year 2025 does
209		-	6.33not cancel and is available until June 30, 2026.
210		-	6.34The base for this appropriation is $15,000,000
	194	+	6.13Sec. 5. OFFICE OF CANNABIS
	195	+	6.14MANAGEMENT
	196	+	6.15The base for this appropriation is $35,587,000
	197	+	6.16in fiscal year 2026 and $38,144,000 in fiscal
	198	+	6.17year 2027.
	199	+	6.18$1,000,000 the second year is for cannabis
	200	+	6.19industry community renewal grants under
	201	+	6.20Minnesota Statutes, section 342.70. Of these
	202	+	6.21amounts, up to three percent may be used for
	203	+	6.22administrative expenses. The base for this
	204	+	6.23appropriation is $15,000,000 in fiscal year
	205	+	6.242026 and each fiscal year thereafter.
	206	+	6.25$1,000,000 the second year is for cannabis
	207	+	6.26industry community renewal grants under
	208	+	6.27Minnesota Statutes, section 342.70.
	209	+	6.28Notwithstanding Minnesota Statutes, section
	210	+	6.2916A.28, this appropriation is available until
	211	+	6.30June 30, 2026. Of this amount, up to three
	212	+	6.31percent may be used to pay for administrative
	213	+	6.32expenses incurred by the Office of Cannabis
	214	+	6.33Management. The base for this appropriation
211	215		6Article 1 Sec. 5.
212		-	REVISOR RSI ~~H2443-1~~~~HF2443 FIRST ENGROSSMENT~~ 7.~~1in~~ fiscal year 2026 and each ~~fiscal year~~
213		-	7.~~2thereafter~~.
	216	+	REVISOR RSI/VJ 25-0280802/25/25 7.1is $15,000,000 in fiscal year 2026 and each
	217	+	7.2fiscal year thereafter.
214	218		7.3$1,000,000 each year is for transfer to the
215	219		7.4CanGrow revolving loan account established
216	220		7.5under Minnesota Statutes, section 342.73,
217	221		7.6subdivision 4. Of these amounts, up to three
218	222		7.7percent may be used for administrative
219	223		7.8expenses.
220	224		7.9 EFFECTIVE DATE.This section is effective the day following final enactment.
221	225		7.10 ARTICLE 2
222		-	7.11 COMMERCE POLICY
223		-	7.12 Section 1. [45.0137] COMMON INTEREST COMMUNITY OMBUDSPERSON.
224		-	7.13 Subdivision 1.Definitions.(a) For purposes of this section, the terms defined in this
225		-	7.14subdivision have the meanings given.
226		-	7.15 (b) "Association" means an association of apartment owners, as defined in section 515.02,
227		-	7.16subdivision 5, an association, as defined in section 515A.1-103, clause (3), and association
228		-	7.17as defined in section 515B.1-103, clause (4).
229		-	7.18 (c) "Common interest community" has the meaning given in section 515B.1-103, clause
230		-	7.19(10).
231		-	7.20 (d) "Governing documents" means a common interest community's declaration, articles
232		-	7.21of incorporation, bylaws, and any amendments thereto.
233		-	7.22 (e) "Unit owner" means an apartment owner, as defined in section 515.02, subdivision
234		-	7.233, a unit owner under section 515A.1-103, clause (20), and a unit owner, as defined in
235		-	7.24section 515B.1-103, clause (37).
236		-	7.25 Subd. 2.Establishment.(a) A common interest community ombudsperson position is
237		-	7.26established within the Department of Commerce to:
238		-	7.27 (1) assist unit owners, their tenants, and associations in understanding their rights under
239		-	7.28chapter 515B and their governing documents; and
240		-	7.29 (2) facilitate the resolution of disputes between unit owners and associations.
241		-	7.30 (b) The ombudsperson is appointed by the governor, serves in the unclassified service,
242		-	7.31and may be removed only for just cause.
243		-	7Article 2 Section 1.
244		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 8.1 Subd. 3.Qualifications.The ombudsperson must be selected without regard to political
245		-	8.2affiliation, must be qualified and experienced to perform the duties of the office, and must
246		-	8.3be skilled in dispute resolution techniques. The ombudsperson must not be a unit owner,
247		-	8.4be employed by a business entity that provides management or consulting services to an
248		-	8.5association, or otherwise be affiliated with an association or management company. A
249		-	8.6person is prohibited from serving as ombudsperson while holding another public office.
250		-	8.7 Subd. 4.Duties.(a) The ombudsperson must execute the duties under subdivision 2,
251		-	8.8paragraph (a), by taking the following actions:
252		-	8.9 (1) creating plain language explanations of common provisions in governing documents;
253		-	8.10and
254		-	8.11 (2) identifying and providing resources and referrals related to the rights and
255		-	8.12responsibilities of unit owners and associations.
256		-	8.13 (b) Upon the request of a unit owner or an association, the ombudsperson must provide
257		-	8.14dispute resolution services, including acting as a mediator, in disputes concerning chapter
258		-	8.15515B and governing documents, except where:
259		-	8.16 (1) a complaint based on the same dispute is pending in a judicial or administrative
260		-	8.17proceeding;
261		-	8.18 (2) the same disputed issue has been addressed or is currently in arbitration, mediation,
262		-	8.19or another alternative dispute resolution process; or
263		-	8.20 (3) the association notifies the ombudsperson that an order under section 609.748 is in
264		-	8.21effect against the unit owner.
265		-	8.22 (c) The ombudsperson must compile and analyze complaints received to identify issues
266		-	8.23and trends.
267		-	8.24 (d) The ombudsperson must maintain a website containing, at a minimum:
268		-	8.25 (1) the text of chapter 515B and any other relevant statutes or rules;
269		-	8.26 (2) a plain language explanation of common provisions of governing documents;
270		-	8.27 (3) information regarding the services provided by the common interest community
271		-	8.28ombudsperson, including assistance with dispute resolution;
272		-	8.29 (4) information and referrals regarding alternative dispute resolution methods and
273		-	8.30programs, and resources regarding the rights and responsibilities of unit owners and
274		-	8.31associations; and
275		-	8Article 2 Section 1.
276		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 9.1 (5) any other information that the ombudsperson determines is useful to unit owners,
277		-	9.2their tenants, associations, and common interest community property management companies.
278		-	9.3 (e) When requested or as the ombudsperson deems necessary, the ombudsperson must
279		-	9.4provide reports and recommendations to the legislative committees with jurisdiction over
280		-	9.5common interest communities.
281		-	9.6 (f) In the course of assisting to resolve a dispute, the ombudsperson may, at reasonable
282		-	9.7times and with 24 hours prior notice, enter and view premises within the control of the
283		-	9.8common interest community.
284		-	9.9 Subd. 5.Powers limited.The ombudsperson and the commissioner are prohibited from
285		-	9.10rendering a formal legal opinion regarding a dispute between a unit owner and an association.
286		-	9.11The ombudsperson and commissioner are prohibited from making a formal determination
287		-	9.12or issuing an order regarding disputes between a unit owner and an association. Nothing in
288		-	9.13this paragraph limits the ability of the commissioner to execute duties or powers under any
289		-	9.14other law.
290		-	9.15 Subd. 6.Cooperation.Upon request, unit owners and associations must participate in
291		-	9.16the dispute resolution process under this section and make good faith efforts to resolve
292		-	9.17disputes.
293		-	9.18 Subd. 7.Landlord and tenant law.Nothing in this section modifies, supersedes, limits,
294		-	9.19or expands the rights and duties of landlords and tenants established under chapter 504B or
295		-	9.20any other law.
296		-	9.21 Sec. 2. Minnesota Statutes 2024, section 80A.58, is amended to read:
297		-	9.22 80A.58 SECTION 403; INVESTMENT ADVISER REGISTRATION
298		-	9.23REQUIREMENT AND EXEMPTIONS.
299		-	9.24 (a) Registration requirement. It is unlawful for a person to transact business in this
300		-	9.25state as an investment adviser or investment adviser representative unless the person is
301		-	9.26registered under this chapter or is exempt from registration under subsection (b).
302		-	9.27 (b) Exemptions from registration. The following persons are exempt from the
303		-	9.28registration requirement of subsection (a):
304		-	9.29 (1) any person whose only clients in this state are:
305		-	9.30 (A) federal covered investment advisers, investment advisers registered under this
306		-	9.31chapter, or broker-dealers registered under this chapter;
	226	+	7.11 CLIMATE AND ENERGY FINANCE
	227	+	7.12Section 1. APPROPRIATIONS.
	228	+	7.13 The sums shown in the columns marked "Appropriations" are appropriated to the agencies
	229	+	7.14and for the purposes specified in this article. The appropriations are from the general fund,
	230	+	7.15or another named fund, and are available for the fiscal years indicated for each purpose.
	231	+	7.16The figures "2026" and "2027" used in this article mean that the appropriations listed under
	232	+	7.17them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
	233	+	7.18"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
	234	+	7.19is fiscal years 2026 and 2027. If an appropriation in this article is enacted more than once
	235	+	7.20in the 2025 regular or a special legislative session, the appropriation must be given effect
	236	+	7.21only once.
	237	+	7.22 APPROPRIATIONS
	238	+	7.23 Available for the Year
	239	+	7.24 Ending June 30
	240	+	20277.25 2026
	241	+	7.26Sec. 2. DEPARTMENT OF COMMERCE
	242	+	15,843,000$15,843,000$7.27Subdivision 1.Total Appropriation
	243	+	7.28 Appropriations by Fund
	244	+	20277.29 2026
	245	+	14,246,00014,246,0007.30General
	246	+	1,597,0001,597,0007.31Petroleum Tank
	247	+	7.32The amounts that may be spent for each
	248	+	7.33purpose are specified in the following
	249	+	7.34subdivisions.
	250	+	7Article 2 Sec. 2.
	251	+	REVISOR RSI/VJ 25-0280802/25/25 14,246,00014,246,0008.1Subd. 2.Energy Resources
	252	+	8.2(a) $150,000 the first year and $150,000 the
	253	+	8.3second year are to remediate vermiculite
	254	+	8.4insulation from households that are eligible
	255	+	8.5for weatherization assistance under
	256	+	8.6Minnesota's weatherization assistance program
	257	+	8.7state plan under Minnesota Statutes, section
	258	+	8.8216C.264. Remediation must be performed in
	259	+	8.9conjunction with federal weatherization
	260	+	8.10assistance program services.
	261	+	8.11(b) $189,000 each year is for activities
	262	+	8.12associated with a utility's implementation of
	263	+	8.13a natural gas innovation plan under Minnesota
	264	+	8.14Statutes, section 216B.2427.
	265	+	8.15(c) $3,199,000 each year is for weatherization
	266	+	8.16and preweatherization work to serve additional
	267	+	8.17households and allow for services that would
	268	+	8.18otherwise be denied due to current federal
	269	+	8.19limitations related to the federal weatherization
	270	+	8.20assistance program. Money under this
	271	+	8.21paragraph is transferred from the general fund
	272	+	8.22to the preweatherization account in the special
	273	+	8.23revenue fund under Minnesota Statutes,
	274	+	8.24section 216C.264, subdivision 1c.
	275	+	8.25(d) $500,000 each year is for a grant to the
	276	+	8.26clean energy resource teams under Minnesota
	277	+	8.27Statutes, section 216C.385, subdivision 2, to
	278	+	8.28provide additional capacity to perform the
	279	+	8.29duties specified under Minnesota Statutes,
	280	+	8.30section 216C.385, subdivision 3. This
	281	+	8.31appropriation may be used to reimburse the
	282	+	8.32reasonable costs incurred by the department
	283	+	8.33to administer the grant.
	284	+	8Article 2 Sec. 2.
	285	+	REVISOR RSI/VJ 25-0280802/25/25 9.1(e) $301,000 each year is to implement energy
	286	+	9.2benchmarking under Minnesota Statutes,
	287	+	9.3section 216C.331.
	288	+	9.4(f) $164,000 each year is for activities
	289	+	9.5associated with a public utility's filing a
	290	+	9.6transportation electrification plan under
	291	+	9.7Minnesota Statutes, section 216B.1615.
	292	+	9.8(g) $77,000 each year is for activities
	293	+	9.9associated with appeals of consumer
	294	+	9.10complaints to the commission under
	295	+	9.11Minnesota Statutes, section 216B.172.
	296	+	9.12(h) $961,000 each year is for activities
	297	+	9.13required under Minnesota Statutes, section
	298	+	9.14216B.1641, for community solar gardens. This
	299	+	9.15appropriation must be assessed directly to the
	300	+	9.16public utility subject to Minnesota Statutes,
	301	+	9.17section 116C.779.
	302	+	9.18(i) $46,000 each year is for work to align
	303	+	9.19energy transmission and distribution planning
	304	+	9.20activities with opportunities along trunk
	305	+	9.21highway rights-of-way.
	306	+	9.22(j) $265,000 each year is to (1) participate in
	307	+	9.23a Minnesota Public Utilities Commission
	308	+	9.24proceeding to review electric transmission line
	309	+	9.25owners' plans to deploy grid-enhancing
	310	+	9.26technologies, and (2) issue an order to
	311	+	9.27implement the plans. The base in fiscal year
	312	+	9.282028 is $0.
	313	+	9.29The general fund base is $13,981,000 in fiscal
	314	+	9.30year 2028 and $13,981,000 in fiscal year 2029.
	315	+	1,597,0001,597,000
	316	+	9.31Subd. 3.Petroleum Tank Release Compensation
	317	+	9.32Board
	318	+	9.33This appropriation is from the petroleum tank
	319	+	9.34fund.
307	320		9Article 2 Sec. 2.
308		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 10.1 (B) bona fide preexisting clients whose principal places of residence are not in this state
309		-	10.2if the investment adviser is registered under the securities act of the state in which the clients
310		-	10.3maintain principal places of residence; or
311		-	10.4 (C) any other client exempted by rule adopted or order issued under this chapter;
312		-	10.5 (2) a person without a place of business in this state if the person has had, during the
313		-	10.6preceding 12 months, not more than five clients that are resident in this state in addition to
314		-	10.7those specified under paragraph (1);
315		-	10.8 (3) A private fund advisor adviser, subject to the additional requirements of subsection
316		-	10.9(c), if the private fund adviser satisfies each of the following conditions:
317		-	10.10 (i) neither the private fund adviser nor any of its advisory affiliates are subject to a
318		-	10.11disqualification as described in Rule 262 of SEC Regulation A, Code of Federal Regulations,
319		-	10.12title 17, section 230.262;
320		-	10.13 (ii) the private fund adviser files with the state each report and amendment thereto that
321		-	10.14an exempt reporting adviser is required to file with the Securities and Exchange Commission
322		-	10.15pursuant to SEC Rule 204-4, Code of Federal Regulations, title 17, section 275.204-4; or
323		-	10.16and
324		-	10.17 (iii) the private fund adviser pays the fees under section 80A.65, subdivision 2b; or
325		-	10.18 (4) any other person exempted by rule adopted or order issued under this chapter.
326		-	10.19 (c) Additional requirements for private fund advisers to certain 3(c)(1) funds. In
327		-	10.20order to qualify for the exemption described in subsection (b)(3), a private fund adviser
328		-	10.21who advises at least one 3(c)(1) fund that is not a venture capital fund shall, in addition to
329		-	10.22satisfying each of the conditions specified in subsection (b)(3), comply with the following
330		-	10.23requirements:
331		-	10.24 (1) The private fund adviser shall advise only those 3(c)(1) funds, other than venture
332		-	10.25capital funds, whose outstanding securities, other than short-term paper, are beneficially
333		-	10.26owned entirely by persons who, after deducting the value of the primary residence from the
334		-	10.27person's net worth, would each meet the definition of a qualified client in SEC Rule 205-3,
335		-	10.28Code of Federal Regulations, title 17, section 275.205-3, at the time the securities are
336		-	10.29purchased from the issuer;
337		-	10.30 (2) At the time of purchase, the private fund adviser shall disclose the following in
338		-	10.31writing to each beneficial owner of a 3(c)(1) fund that is not a venture capital fund:
339		-	10.32 (i) all services, if any, to be provided to individual beneficial owners;
340		-	10Article 2 Sec. 2.
341		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 11.1 (ii) all duties, if any, the investment adviser owes to the beneficial owners; and
342		-	11.2 (iii) any other material information affecting the rights or responsibilities of the beneficial
343		-	11.3owners; and
344		-	11.4 (3) The private fund adviser shall obtain on an annual basis audited financial statements
345		-	11.5of each 3(c)(1) fund that is not a venture capital fund and shall deliver a copy of such audited
346		-	11.6financial statements to each beneficial owner of the fund.
347		-	11.7 (d) Federal covered investment advisers. If a private fund adviser is registered with
348		-	11.8the Securities and Exchange Commission, the adviser shall not be eligible for the private
349		-	11.9fund adviser exemption under paragraph (b), clause (3), and shall comply with the state
350		-	11.10notice filing requirements applicable to federal covered investment advisers in section
351		-	11.1180A.58.
352		-	11.12 (e) Investment adviser representatives. A person is exempt from the registration
353		-	11.13requirements of section 80A.58, paragraph (a), if he or she is employed by or associated
354		-	11.14with an investment adviser that is exempt from registration in this state pursuant to the
355		-	11.15private fund adviser exemption under paragraph (b), clause (3), and does not otherwise
356		-	11.16engage in activities that would require registration as an investment adviser representative.
357		-	11.17 (f) Electronic filings. The report filings described in subsection (b)(3)(ii) shall be made
358		-	11.18electronically through the IARD. A report shall be deemed filed when the report and the
359		-	11.19fee required by sections 80A.60 and 80A.65 are filed and accepted by the IARD on the
360		-	11.20state's behalf.
361		-	11.21 (g) Transition. An investment adviser who becomes ineligible for the exemption provided
362		-	11.22by this section must comply with all applicable laws and rules requiring registration or
363		-	11.23notice filing within 90 days from the date of the investment adviser's eligibility for this
364		-	11.24exemption ceases.
365		-	11.25 (h) Grandfathering for investment advisers to 3(c)(1) funds with nonqualified
366		-	11.26clients. An investment adviser to a 3(c)(1) fund (other than a venture capital fund) that has
367		-	11.27one or more beneficial owners who are not qualified clients as described in paragraph (c),
368		-	11.28clause (1), is eligible for the exemption contained in paragraph (b), clause (3), if the following
369		-	11.29conditions are satisfied:
370		-	11.30 (1) the subject fund existed prior to August 1, 2013;
371		-	11.31 (2) as of August 1, 2013, the subject fund ceases to accept beneficial owners who are
372		-	11.32not qualified clients, as described in paragraph (c), clause (1);
373		-	11Article 2 Sec. 2.
374		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 12.1 (3) the investment adviser discloses in writing the information described in paragraph
375		-	12.2(c), clause (2), to all beneficial owners of the fund; and
376		-	12.3 (4) as of August 1, 2013, the investment adviser delivers audited financial statements
377		-	12.4as required by paragraph (c), clause (3).
378		-	12.5 (i) Limits on employment or association. It is unlawful for an investment adviser,
379		-	12.6directly or indirectly, to employ or associate with an individual to engage in an activity
380		-	12.7related to investment advice in this state if the registration of the individual is suspended
381		-	12.8or revoked or the individual is barred from employment or association with an investment
382		-	12.9adviser, federal covered investment adviser, or broker-dealer by an order under this chapter,
383		-	12.10the Securities and Exchange Commission, or a self-regulatory organization, unless the
384		-	12.11investment adviser did not know, and in the exercise of reasonable care could not have
385		-	12.12known, of the suspension, revocation, or bar. Upon request from the investment adviser and
386		-	12.13for good cause, the administrator, by order, may waive, in whole or in part, the application
387		-	12.14of the prohibitions of this subsection to the investment adviser.
388		-	12.15Sec. 3. Minnesota Statutes 2024, section 80A.65, subdivision 2, is amended to read:
389		-	12.16 Subd. 2.Registration application and renewal filing fee.Every applicant for an initial
390		-	12.17or renewal registration shall pay a filing fee of $200 in the case of a broker-dealer, $65 in
391		-	12.18the case of an agent, $100 in the case of an investment adviser, and $50 in the case of an
392		-	12.19investment adviser representative. When an application is denied or withdrawn, the filing
393		-	12.20fee shall be retained. A registered agent who has terminated employment with one
394		-	12.21broker-dealer shall, before beginning employment with another broker-dealer, pay a transfer
395		-	12.22fee of $25 $65. A registered investment adviser representative who has terminated
396		-	12.23employment with one investment adviser must, before beginning employment with another
397		-	12.24investment adviser, pay a $50 transfer fee.
398		-	12.25Sec. 4. Minnesota Statutes 2024, section 80A.65, is amended by adding a subdivision to
399		-	12.26read:
400		-	12.27 Subd. 2b.Private fund adviser filings.A private fund adviser must pay a $100 filing
401		-	12.28fee when filing an initial or renewal notice required under section 80A.58.
402		-	12.29Sec. 5. TASK FORCE ON HOMEOWNERS AND COMMERCIAL PROPERTY
403		-	12.30INSURANCE.
404		-	12.31 Subdivision 1.Establishment.A task force is established to evaluate issues and provide
405		-	12.32recommendations relating to insurance affordability with respect to single-family housing,
406		-	12Article 2 Sec. 5.
407		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 13.1multifamily rental housing, common interest communities, cooperatives, and small
408		-	13.2businesses, and preventing disruptions or loss to the development, preservation, and long-term
409		-	13.3sustainability of Minnesota's housing infrastructure and small businesses.
410		-	13.4 Subd. 2.Membership.(a) The task force consists of the following:
411		-	13.5 (1) one member appointed by the commissioner of commerce;
412		-	13.6 (2) one member appointed by the speaker of the house;
413		-	13.7 (3) one member appointed by the speaker emerita of the house;
414		-	13.8 (4) one member appointed by the senate majority leader;
415		-	13.9 (5) one member appointed by the senate minority leader;
416		-	13.10 (6) one member appointed by the Minnesota Consortium of Community Developers;
417		-	13.11 (7) four members with expertise in property and casualty insurance and reinsurance for
418		-	13.12single-family and multifamily housing markets, including nonprofit and cooperative housing,
419		-	13.13appointed by the Insurance Federation of Minnesota;
420		-	13.14 (8) one member appointed by Big I Minnesota;
421		-	13.15 (9) one member appointed by the Minnesota Realtors;
422		-	13.16 (10) one member appointed by the Minnesota Community Development Financial
423		-	13.17Institutions Coalition;
424		-	13.18 (11) one member appointed by the Minnesota Homeownership Center;
425		-	13.19 (12) one member appointed by the Greater Minneapolis Building Owners and Managers
426		-	13.20Association;
427		-	13.21 (13) one member appointed by the Minnesota chapter of the Community Associations
428		-	13.22Institute;
429		-	13.23 (14) one member appointed by the Minnesota Multi Housing Association;
430		-	13.24 (15) one member appointed by the Housing Justice Center; and
431		-	13.25 (16) one member with climate science expertise appointed by the Legislative Coordinating
432		-	13.26Commission.
433		-	13.27 (b) The appointing authorities must make the appointments by August 15, 2025.
434		-	13.28 Subd. 3.Duties.(a) The task force must identify recommendations to strengthen and
435		-	13.29stabilize the homeowners and commercial property insurance industry.
436		-	13Article 2 Sec. 5.
437		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 14.1 (b) The task force must consult with the commissioners of the Minnesota Housing
438		-	14.2Finance Agency, the Department of Employment and Economic Development, and other
439		-	14.3key stakeholders in the homeowners and commercial property insurance and housing
440		-	14.4industries.
441		-	14.5 (c) The task force must review:
442		-	14.6 (1) risk mitigation methodologies;
443		-	14.7 (2) liability laws impacting insurance costs;
444		-	14.8 (3) minimum notice for coverage changes, including enforcement and oversight;
445		-	14.9 (4) public reporting of aggregated data relating to insurance plan costs and coverage;
446		-	14.10 (5) the reinsurance market for homeowners and commercial property insurance;
447		-	14.11 (6) the current state-supported insurance program and the potential to expand the program
448		-	14.12to include a catastrophic reinsurance fund and a self-insured pool;
449		-	14.13 (7) factors that increase claim costs, including but not limited to post-loss contractors,
450		-	14.14fraudulent claims, climate, inflation, and discontinued building materials; and
451		-	14.15 (8) other areas that would strengthen and stabilize the homeowners and commercial
452		-	14.16property insurance industry.
453		-	14.17 Subd. 4.Meetings.(a) The Legislative Coordinating Commission must ensure the first
454		-	14.18meeting of the task force convenes no later than September 15, 2025, and must provide
455		-	14.19accessible physical or virtual meeting space as necessary for the task force to conduct work.
456		-	14.20 (b) At the first meeting, the task force must elect a chair or cochairs from the members
457		-	14.21appointed by the house of representatives and senate by a majority vote of the members
458		-	14.22present and may elect a vice-chair as necessary.
459		-	14.23 (c) The task force must establish a schedule for meetings and must meet as necessary
460		-	14.24to accomplish the duties under subdivision 3.
461		-	14.25 (d) The task force is subject to Minnesota Statutes, chapter 13D.
462		-	14.26 Subd. 5.Report required.(a) The task force must submit a report to the commissioners
463		-	14.27of the Department of Commerce, Minnesota Housing Finance Agency, and the Department
464		-	14.28of Employment and Economic Development, and the chairs and ranking minority members
465		-	14.29of the legislative committees having jurisdiction over the agencies listed in this paragraph
466		-	14.30by February 15, 2026.
467		-	14.31 (b) The report must:
468		-	14Article 2 Sec. 5.
469		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT 15.1 (1) summarize the activities of the task force;
470		-	15.2 (2) provide findings and recommendations adopted by the task force;
471		-	15.3 (3) list recommended administrative changes to the relevant agencies;
472		-	15.4 (4) include draft legislation to implement nonadministrative recommendations; and
473		-	15.5 (5) include other information the task force believes is necessary to report.
474		-	15.6 Subd. 6.Expiration.The task force expires upon submission of the report required
475		-	15.7under subdivision 5.
476		-	15.8 EFFECTIVE DATE.This section is effective the day following final enactment.
477		-	15Article 2 Sec. 5.
478		-	REVISOR RSI H2443-1HF2443 FIRST ENGROSSMENT Page.Ln 1.11
479		-	COMMERCE AND OFFICE OF CANNABIS MANAGEMENT
480		-	FINANCE...............................................................................................ARTICLE 1
481		-	Page.Ln 7.10COMMERCE POLICY..........................................................................ARTICLE 2
	321	+	REVISOR RSI/VJ 25-0280802/25/25 13,417,000$13,330,000$10.1Sec. 3. PUBLIC UTILITIES COMMISSION
	322	+	10.2 ARTICLE 3
	323	+	10.3 RENEWABLE DEVELOPMENT ACCOUNT APPROPRIATIONS
	324	+	10.4Section 1. RENEWABLE DEVELOPMENT FINANCE.
	325	+	10.5 The sums shown in the columns marked "Appropriations" are appropriated to the agencies
	326	+	10.6and for the purposes specified in this article. Notwithstanding Minnesota Statutes, section
	327	+	10.7116C.779, subdivision 1, paragraph (j), the appropriations are from the renewable
	328	+	10.8development account in the special revenue fund established in Minnesota Statutes, section
	329	+	10.9116C.779, subdivision 1, and are available for the fiscal years indicated for each purpose.
	330	+	10.10The figures "2026" and "2027" used in this article mean that the appropriations listed under
	331	+	10.11them are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively.
	332	+	10.12"The first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium"
	333	+	10.13is fiscal years 2026 and 2027. If an appropriation in this article is enacted more than once
	334	+	10.14in the 2025 regular or special legislative session, the appropriation must be given effect
	335	+	10.15only once.
	336	+	10.16 APPROPRIATIONS
	337	+	10.17 Available for the Year
	338	+	10.18 Ending June 30
	339	+	202710.19 2026
	340	+	10.20Sec. 2. DEPARTMENT OF COMMERCE
	341	+	100,000$500,000$10.21Subdivision 1.Total Appropriation
	342	+	10.22The amounts that may be spent for each
	343	+	10.23purpose are specified in the following
	344	+	10.24subdivisions.
	345	+	10.25Subd. 2."Made in Minnesota" Administration
	346	+	10.26$100,000 each year is to administer the "Made
	347	+	10.27in Minnesota" solar energy production
	348	+	10.28incentive program under Minnesota Statutes,
	349	+	10.29section 216C.417. Any unobligated amount
	350	+	10.30remaining on June 30, 2027, cancels to the
	351	+	10.31renewable development account.
	352	+	10Article 3 Sec. 2.
	353	+	REVISOR RSI/VJ 25-0280802/25/25 11.1Subd. 3.Microgrid Research and Application
	354	+	11.2$400,000 the first year is for a grant to the
	355	+	11.3University of St. Thomas Center for Microgrid
	356	+	11.4Research, which must be used to:
	357	+	11.5(1) increase the center's capacity to provide
	358	+	11.6industry partners opportunities to test
	359	+	11.7near-commercial microgrid products on a
	360	+	11.8real-world scale and to multiply opportunities
	361	+	11.9for innovative research;
	362	+	11.10(2) procure advanced equipment and controls
	363	+	11.11to enable the extension of the university's
	364	+	11.12microgrid to additional buildings; and
	365	+	11.13(3) expand (i) hands-on educational
	366	+	11.14opportunities for undergraduate and graduate
	367	+	11.15electrical engineering students to increase
	368	+	11.16understanding of microgrid operations, and
	369	+	11.17(ii) partnerships with community colleges.
	370	+	92,000$92,000$
	371	+	11.18Sec. 3. DEPARTMENT OF
	372	+	11.19ADMINISTRATION
	373	+	11.20$92,000 each year is for software and
	374	+	11.21administrative costs associated with the state
	375	+	11.22building energy conservation improvement
	376	+	11.23revolving loan program under Minnesota
	377	+	11.24Statutes, section 16B.87.
	378	+	11.25 ARTICLE 4
	379	+	11.26 FINANCIAL INSTITUTIONS POLICY
	380	+	11.27Section 1. Minnesota Statutes 2024, section 47.60, subdivision 1, is amended to read:
	381	+	11.28 Subdivision 1.Definitions.For purposes of this section, the terms defined have the
	382	+	11.29meanings given them:
	383	+	11.30 (a) "Consumer small loan" is a loan transaction, whether recourse or nonrecourse, in
	384	+	11.31which cash is advanced to a borrower for the borrower's own personal, family, or household
	385	+	11.32purpose. A consumer small loan is a short-term, unsecured loan to be repaid in a single
	386	+	11.33installment. The cash advance of a consumer small loan is equal to or less than $350. A
	387	+	11Article 4 Section 1.
	388	+	REVISOR RSI/VJ 25-0280802/25/25 12.1consumer small loan includes an indebtedness evidenced by but not limited to a promissory
	389	+	12.2note or agreement to defer the presentation of a personal check or authorized account transfer
	390	+	12.3for a fee or a charge identified under paragraph (c), including on a borrower's future potential
	391	+	12.4money source, including but not limited to future pay, salary, or pension income.
	392	+	12.5 (b) "Consumer small loan lender" is a financial institution as defined in section 47.59
	393	+	12.6or a business entity registered with the commissioner and engaged in the business of making
	394	+	12.7consumer small loans.
	395	+	12.8 (c) "Annual percentage rate" means a measure of the cost of credit, expressed as a yearly
	396	+	12.9rate, that relates the amount and timing of value received by the consumer to the amount
	397	+	12.10and timing of payments made. The cost or credit reflected in an annual percentage rate
	398	+	12.11includes all amounts paid by a consumer or on a consumer's behalf in connection or
	399	+	12.12concurrent with a consumer small loan, including: (1) interest, finance charges, and fees;
	400	+	12.13(2) a charge for any ancillary product, membership, or service sold; (3) an amount offered
	401	+	12.14or agreed to by a borrower to obtain credit or provide compensation to use money; (4) a
	402	+	12.15voluntary or other fee charged that a borrower agrees to or pays; (5) a tip, voluntary payment,
	403	+	12.16contribution, and similar amount solicited from or paid by a borrower; or (6) a charge to
	404	+	12.17expedite an advance or other convenience charge. The annual percentage rate must be
	405	+	12.18determined in accordance with either the actuarial method or the United States Rule method.
	406	+	12.19Sec. 2. Minnesota Statutes 2024, section 47.60, subdivision 3, is amended to read:
	407	+	12.20 Subd. 3.Filing License; fees.(a) Before a business entity other than a financial institution
	408	+	12.21as defined by section 47.59 engages in the business of making consumer small loans to
	409	+	12.22Minnesota residents, the business entity shall file with the commissioner as must obtain a
	410	+	12.23consumer small loan lender license issued by the commissioner.
	411	+	12.24 (b) The filing consumer small loan lender license application must be on a form prescribed
	412	+	12.25by the commissioner together with a fee of $250 for each place of business and must contain
	413	+	12.26the following information in addition to the information required by the commissioner:
	414	+	12.27 (1) the applicant's full name, the address for the place of business, and any fictitious or
	415	+	12.28trade name used by the applicant to conduct business;
	416	+	12.29 (2) a list of the applicant's or person in control's criminal convictions, and any material
	417	+	12.30litigation the applicant has been involved in during the ten-year period preceding the
	418	+	12.31application submission;
	419	+	12.32 (3) the addresses for all of the consumer small loan lender's offices, locations, or retail
	420	+	12.33stores, if any, in Minnesota;
	421	+	12Article 4 Sec. 2.
	422	+	REVISOR RSI/VJ 25-0280802/25/25 13.1 (4) a description of the consumer small loan activity the applicant seeks to provide in
	423	+	13.2Minnesota;
	424	+	13.3 (5) a schedule describing any charges the applicant proposes to charge or offer to a
	425	+	13.4consumer who resides in Minnesota, as included in the cost of credit calculation under
	426	+	13.5subdivision 1, paragraph (c);
	427	+	13.6 (1) (6) evidence that the filer applicant has available for the operation of the business at
	428	+	13.7the location specified, liquid assets of at least $50,000; and
	429	+	13.8 (2) (7) a biographical statement on the principal person responsible for the operation
	430	+	13.9and management of the business to be certified describing any individual person in control.
	431	+	13.10 (c) In addition to the information required under paragraph (b), an applicant that is a
	432	+	13.11corporation, limited liability company, partnership, or other legal entity must also provide:
	433	+	13.12 (1) the date the applicant was incorporated or formed, and the state or country of
	434	+	13.13incorporation or formation; and
	435	+	13.14 (2) if applicable, a certificate of good standing from the state or country where the
	436	+	13.15applicant is incorporated or formed.
	437	+	13.16 (d) A consumer small loan lender license issued under this section expires at 11:59 p.m.
	438	+	13.17on December 31 of the year for which the application is filed and is renewable on January
	439	+	13.181 each year after that date.
	440	+	13.19 (e) An initial consumer small loan lender license application must be accompanied by
	441	+	13.20a $500 fee. Each subsequent renewal application must be accompanied by a $250 fee.
	442	+	13.21 (f) Section 56.09 applies to a suspension or revocation of the filing is a consumer small
	443	+	13.22loan lender license under this section in the same manner as in the case of a regulated lender
	444	+	13.23license in under section 56.09.
	445	+	13.24 (g) For purposes of this subdivision,: (1) "business entity" includes one that does not
	446	+	13.25have a physical location in Minnesota that makes a consumer small loan electronically via
	447	+	13.26the Internet.; and (2) "person in control" means a member of senior management, including
	448	+	13.27an owner or officer, and a person who directly or indirectly possesses the power to direct
	449	+	13.28or cause the direction of the applicant's or consumer small loan lender's management policies
	450	+	13.29under this section, regardless of whether the person has an ownership interest in the applicant
	451	+	13.30or licensee. Control is presumed to exist if a person directly or indirectly owns, controls, or
	452	+	13.31holds with power to vote ten percent or more of the voting stock of an applicant or licensee
	453	+	13.32or of a person who owns, controls, or holds with power to vote ten percent or more of the
	454	+	13.33voting stock of an applicant or licensee.
	455	+	13Article 4 Sec. 2.
	456	+	REVISOR RSI/VJ 25-0280802/25/25 14.1 Sec. 3. Minnesota Statutes 2024, section 47.60, subdivision 4, is amended to read:
	457	+	14.2 Subd. 4.Books of account; annual report; schedule of charges; disclosures.(a) A
	458	+	14.3lender filing licensed under subdivision 3 shall keep and use in the business books, accounts,
	459	+	14.4and records as will enable the commissioner to determine whether the filer is complying
	460	+	14.5with this section.
	461	+	14.6 (b) A lender filing licensed under subdivision 3 shall annually on or before March 15
	462	+	14.7file a report to the commissioner giving the information the commissioner reasonably
	463	+	14.8requires concerning the business and operations during the preceding calendar year, including
	464	+	14.9the information required to be reported under section 47.601, subdivision 4.
	465	+	14.10 (c) A lender filing licensed under subdivision 3 shall display prominently in each place
	466	+	14.11of business a full and accurate schedule, to be approved by the commissioner, of the charges
	467	+	14.12to be made and the method of computing those charges. A lender shall furnish a copy of
	468	+	14.13the contract of loan to a person obligated on it or who may become obligated on it at any
	469	+	14.14time upon the request of that person. This is in addition to any disclosures required by the
	470	+	14.15federal Truth in Lending Act, United States Code, title 15.
	471	+	14.16 (d) A lender filing licensed under subdivision 3 shall, upon repayment of the loan in
	472	+	14.17full, mark indelibly every obligation signed by the borrower with the word "Paid" or
	473	+	14.18"Canceled" within 20 days after repayment.
	474	+	14.19 (e) A lender filing licensed under subdivision 3 shall display prominently, in each licensed
	475	+	14.20place of business, a full and accurate statement of the charges to be made for loans made
	476	+	14.21under this section. The statement of charges must be displayed in a notice, on plastic or
	477	+	14.22other durable material measuring at least 12 inches by 18 inches, headed "CONSUMER
	478	+	14.23NOTICE REQUIRED BY THE STATE OF MINNESOTA." The notice shall include,
	479	+	14.24immediately above the statement of charges, the following sentence, or a substantially
	480	+	14.25similar sentence approved by the commissioner: "These loan charges are higher than
	481	+	14.26otherwise permitted under Minnesota law. Minnesota law permits these higher charges only
	482	+	14.27because short-term small loans might otherwise not be available to consumers. If you have
	483	+	14.28another source of a loan, you may be able to benefit from a lower interest rate and other
	484	+	14.29loan charges." The notice must not contain any other statement or information, unless the
	485	+	14.30commissioner has determined that the additional statement or information is necessary to
	486	+	14.31prevent confusion or inaccuracy. The notice must be designed with a type size that is large
	487	+	14.32enough to be readily noticeable and legible. The form of the notice must be approved by
	488	+	14.33the commissioner prior to its use.
	489	+	14Article 4 Sec. 3.
	490	+	REVISOR RSI/VJ 25-0280802/25/25 15.1 Sec. 4. Minnesota Statutes 2024, section 47.60, subdivision 5, is amended to read:
	491	+	15.2 Subd. 5.Complaints alleging violation.A person obligated to or having been obligated
	492	+	15.3to a consumer small loan lender filing under subdivision 3 and having that has reason to
	493	+	15.4believe that this section has been violated may file with the commissioner a written complaint
	494	+	15.5setting forth the details of the alleged violation. The commissioner, upon receipt of the
	495	+	15.6complaint, may inspect the pertinent books, records, letters, and contracts of the lender and
	496	+	15.7borrower involved. The commissioner may assess against the lender a fee covering the
	497	+	15.8necessary costs of an investigation under this section. The commissioner may maintain an
	498	+	15.9action for the recovery of the costs in a court of competent jurisdiction.
	499	+	15.10Sec. 5. Minnesota Statutes 2024, section 47.60, is amended by adding a subdivision to
	500	+	15.11read:
	501	+	15.12 Subd. 5a.Examinations.(a) The commissioner may examine the affairs, business,
	502	+	15.13office, and records of a licensee and of other persons subject to examination under this
	503	+	15.14section. Examinations under this section may occur as often as is considered necessary. The
	504	+	15.15commissioner may accept examination reports prepared by a state or federal agency that
	505	+	15.16has comparable supervisory powers and examination procedures.
	506	+	15.17 (b) The commissioner may assess a fee to cover the costs necessary to conduct an
	507	+	15.18examination under this subdivision, as required under section 46.131. The fee is payable to
	508	+	15.19the commissioner upon the commissioner's request for payment. The commissioner may
	509	+	15.20maintain an action to recover costs under this subdivision in any court of competent
	510	+	15.21jurisdiction.
	511	+	15.22 (c) The commissioner may disclose information not otherwise subject to disclosure
	512	+	15.23under section 46.07 to representatives of state or federal agencies pursuant to agreements
	513	+	15.24or relationships with other government officials or federal and state regulatory agencies and
	514	+	15.25regulatory associations in order to: (1) improve efficiencies and reduce regulatory burden
	515	+	15.26by standardizing methods or procedures; and (2) share resources, records, or related
	516	+	15.27information obtained under this section.
	517	+	15.28Sec. 6. Minnesota Statutes 2024, section 47.60, subdivision 8, is amended to read:
	518	+	15.29 Subd. 8.No evasion.(a) A person must not engage in any device, subterfuge, or pretense
	519	+	15.30to evade the requirements of this section, including but not limited to:
	520	+	15.31 (1) making loans disguised as a personal property sale and leaseback transaction;
	521	+	15Article 4 Sec. 6.
	522	+	REVISOR RSI/VJ 25-0280802/25/25 16.1 (2) representing that an advance is a not a loan because the advance (i) is nonrecourse,
	523	+	16.2(ii) is repaid with assigned wages or other present or future income, or (iii) may be not
	524	+	16.3subject to certain collection methods, credit reporting, or repayment demands;
	525	+	16.4 (2) (3) disguising loan proceeds as a cash rebate for the pretextual installment sale of
	526	+	16.5goods or services; or
	527	+	16.6 (3) (4) making, offering, assisting, or arranging for a debtor to obtain a loan with a greater
	528	+	16.7rate or amount of interest, consideration, charge, or payment than is permitted by this section
	529	+	16.8through any method, including mail, telephone, Internet, or any electronic means, regardless
	530	+	16.9of whether a person has a physical location in Minnesota.
	531	+	16.10 (b) A person is a consumer small loan lender subject to the requirements of this section
	532	+	16.11notwithstanding the fact that a person purports to act as an agent or service provider, or acts
	533	+	16.12in another capacity for another person that is not subject to this section, if a person:
	534	+	16.13 (1) directly or indirectly holds, acquires, or maintains the predominant economic interest,
	535	+	16.14risk, or reward in a loan or lending business; or
	536	+	16.15 (2) both: (i) markets, solicits, brokers, arranges, or facilitates a loan; and (ii) holds or
	537	+	16.16holds the right, requirement, or first right of refusal to acquire loans, receivables, or other
	538	+	16.17direct or interest in a loan.
	539	+	16.18 (c) A person is a consumer small loan lender subject to the requirements of this section
	540	+	16.19if the totality of the circumstances indicate that a person is a lender and the transaction is
	541	+	16.20structured to evade the requirements of this section. Circumstances that weigh in favor of
	542	+	16.21a person being a lender in a transaction include but are not limited to instances where a
	543	+	16.22person:
	544	+	16.23 (1) indemnifies, insures, or protects a person not subject to this section from any costs
	545	+	16.24or risks related to a loan;
	546	+	16.25 (2) predominantly designs, controls, or operates lending activity;
	547	+	16.26 (3) holds the trademark or intellectual property rights in the brand, underwriting system,
	548	+	16.27or other core aspects of a lending business; or
	549	+	16.28 (4) purports to act as an agent or service provider, or acts in another capacity, for a person
	550	+	16.29not subject to this section while acting directly as a lender in one or more states.
	551	+	16.30Sec. 7. Minnesota Statutes 2024, section 47.601, subdivision 1, is amended to read:
	552	+	16.31 Subdivision 1.Definitions.(a) For the purposes of this section, the terms defined in this
	553	+	16.32subdivision have the meanings given.
	554	+	16Article 4 Sec. 7.
	555	+	REVISOR RSI/VJ 25-0280802/25/25 17.1 (b) "Annual percentage rate" has the meaning given in section 47.60, subdivision 1.
	556	+	17.2 (c) "Borrower" means an individual who obtains a consumer short-term loan primarily
	557	+	17.3for personal, family, or household purposes.
	558	+	17.4 (d) "Commissioner" means the commissioner of commerce.
	559	+	17.5 (e) "Consumer short-term loan" means a loan to a borrower, whether recourse or
	560	+	17.6nonrecourse, including on a borrower's future potential money source, including but not
	561	+	17.7limited to future pay, salary, or pension income, which has a principal amount, or an advance
	562	+	17.8on a credit limit, of $1,300 or less and requires a minimum payment within 60 days of loan
	563	+	17.9origination or credit advance of more than 25 percent of the principal balance or credit
	564	+	17.10advance. For the purposes of this section, each new advance of money to a borrower under
	565	+	17.11a consumer short-term loan agreement constitutes a new consumer short-term loan. A
	566	+	17.12"consumer short-term loan" does not include any transaction made under chapter 325J or
	567	+	17.13a loan made by a consumer short-term lender where, in the event of default on the loan, the
	568	+	17.14sole recourse for recovery of the amount owed, other than a lawsuit for damages for the
	569	+	17.15debt, is to proceed against physical goods pledged by the borrower as collateral for the loan.
	570	+	17.16 (f) "Consumer short-term lender" means an individual or entity engaged in the business
	571	+	17.17of making or arranging consumer short-term loans, other than a state or federally chartered
	572	+	17.18bank, savings bank, or credit union. For the purposes of this paragraph, arranging consumer
	573	+	17.19short-term loans includes but is not limited to any substantial involvement in facilitating,
	574	+	17.20marketing, lead-generating, underwriting, servicing, or collecting consumer short-term
	575	+	17.21loans.
	576	+	17.22Sec. 8. Minnesota Statutes 2024, section 47.601, subdivision 5a, is amended to read:
	577	+	17.23 Subd. 5a.No evasion.(a) A person must not engage in any device, subterfuge, or pretense
	578	+	17.24to evade the requirements of this section, including but not limited to:
	579	+	17.25 (1) making loans disguised as a personal property sale and leaseback transaction;
	580	+	17.26 (2) representing that an advance is not a loan because the advance (i) is nonrecourse,
	581	+	17.27(ii) is repaid with assigned wages or other present or future income, or (iii) may be not
	582	+	17.28subject to certain collection methods, credit reporting, or repayment demands;
	583	+	17.29 (2) (3) disguising loan proceeds as a cash rebate for the pretextual installment sale of
	584	+	17.30goods or services; or
	585	+	17.31 (3) (4) making, offering, assisting, or arranging for a debtor to obtain a loan with a greater
	586	+	17.32rate or amount of interest, consideration, charge, or payment than is permitted by this section
	587	+	17Article 4 Sec. 8.
	588	+	REVISOR RSI/VJ 25-0280802/25/25 18.1through any method, including mail, telephone, Internet, or any electronic means, regardless
	589	+	18.2of whether a person has a physical location in Minnesota.
	590	+	18.3 (b) A person is a consumer short-term loan lender subject to the requirements of this
	591	+	18.4section notwithstanding the fact that a person purports to act as an agent or service provider,
	592	+	18.5or acts in another capacity for another person that is not subject to this section, if a person:
	593	+	18.6 (1) directly or indirectly holds, acquires, or maintains the predominant economic interest,
	594	+	18.7risk, or reward in a loan or lending business; or
	595	+	18.8 (2) both: (i) markets, solicits, brokers, arranges, or facilitates a loan; and (ii) holds or
	596	+	18.9holds the right, requirement, or first right of refusal to acquire loans, receivables, or other
	597	+	18.10direct or interest in a loan.
	598	+	18.11 (c) A person is a consumer short-term loan lender subject to the requirements of this
	599	+	18.12section if the totality of the circumstances indicate that a person is a lender and the transaction
	600	+	18.13is structured to evade the requirements of this section. Circumstances that weigh in favor
	601	+	18.14of a person being a lender in a transaction include but are not limited to instances where a
	602	+	18.15person:
	603	+	18.16 (1) indemnifies, insures, or protects a person not subject to this section from any costs
	604	+	18.17or risks related to a loan;
	605	+	18.18 (2) predominantly designs, controls, or operates lending activity;
	606	+	18.19 (3) holds the trademark or intellectual property rights in the brand, underwriting system,
	607	+	18.20or other core aspects of a lending business; or
	608	+	18.21 (4) purports to act as an agent or service provider, or acts in another capacity, for a person
	609	+	18.22not subject to this section while acting directly as a lender in one or more states.
	610	+	18.23Sec. 9. Minnesota Statutes 2024, section 47.601, subdivision 7, is amended to read:
	611	+	18.24 Subd. 7.Attorney general Enforcement.The commissioner of commerce must enforce
	612	+	18.25this section under section 45.027 and the attorney general shall must enforce this section
	613	+	18.26under section 8.31.
	614	+	18Article 4 Sec. 9.
	615	+	REVISOR RSI/VJ 25-0280802/25/25 19.1 Sec. 10. Minnesota Statutes 2024, section 80A.58, is amended to read:
	616	+	19.2 80A.58 SECTION 403; INVESTMENT ADVISER REGISTRATION
	617	+	19.3REQUIREMENT AND EXEMPTIONS.
	618	+	19.4 (a) Registration requirement. It is unlawful for a person to transact business in this
	619	+	19.5state as an investment adviser or investment adviser representative unless the person is
	620	+	19.6registered under this chapter or is exempt from registration under subsection (b).
	621	+	19.7 (b) Exemptions from registration. The following persons are exempt from the
	622	+	19.8registration requirement of subsection (a):
	623	+	19.9 (1) any person whose only clients in this state are:
	624	+	19.10 (A) federal covered investment advisers, investment advisers registered under this
	625	+	19.11chapter, or broker-dealers registered under this chapter;
	626	+	19.12 (B) bona fide preexisting clients whose principal places of residence are not in this state
	627	+	19.13if the investment adviser is registered under the securities act of the state in which the clients
	628	+	19.14maintain principal places of residence; or
	629	+	19.15 (C) any other client exempted by rule adopted or order issued under this chapter;
	630	+	19.16 (2) a person without a place of business in this state if the person has had, during the
	631	+	19.17preceding 12 months, not more than five clients that are resident in this state in addition to
	632	+	19.18those specified under paragraph (1);
	633	+	19.19 (3) A private fund advisor adviser, subject to the additional requirements of subsection
	634	+	19.20(c), if the private fund adviser satisfies each of the following conditions:
	635	+	19.21 (i) neither the private fund adviser nor any of its advisory affiliates are subject to a
	636	+	19.22disqualification as described in Rule 262 of SEC Regulation A, Code of Federal Regulations,
	637	+	19.23title 17, section 230.262;
	638	+	19.24 (ii) the private fund adviser files with the state each report and amendment thereto that
	639	+	19.25an exempt reporting adviser is required to file with the Securities and Exchange Commission
	640	+	19.26pursuant to SEC Rule 204-4, Code of Federal Regulations, title 17, section 275.204-4; or
	641	+	19.27and
	642	+	19.28 (iii) the private fund adviser pays the fees under section 80A.65, subdivision 2b; or
	643	+	19.29 (4) any other person exempted by rule adopted or order issued under this chapter.
	644	+	19.30 (c) Additional requirements for private fund advisers to certain 3(c)(1) funds. In
	645	+	19.31order to qualify for the exemption described in subsection (b)(3), a private fund adviser
	646	+	19Article 4 Sec. 10.
	647	+	REVISOR RSI/VJ 25-0280802/25/25 20.1who advises at least one 3(c)(1) fund that is not a venture capital fund shall, in addition to
	648	+	20.2satisfying each of the conditions specified in subsection (b)(3), comply with the following
	649	+	20.3requirements:
	650	+	20.4 (1) The private fund adviser shall advise only those 3(c)(1) funds, other than venture
	651	+	20.5capital funds, whose outstanding securities, other than short-term paper, are beneficially
	652	+	20.6owned entirely by persons who, after deducting the value of the primary residence from the
	653	+	20.7person's net worth, would each meet the definition of a qualified client in SEC Rule 205-3,
	654	+	20.8Code of Federal Regulations, title 17, section 275.205-3, at the time the securities are
	655	+	20.9purchased from the issuer;
	656	+	20.10 (2) At the time of purchase, the private fund adviser shall disclose the following in
	657	+	20.11writing to each beneficial owner of a 3(c)(1) fund that is not a venture capital fund:
	658	+	20.12 (i) all services, if any, to be provided to individual beneficial owners;
	659	+	20.13 (ii) all duties, if any, the investment adviser owes to the beneficial owners; and
	660	+	20.14 (iii) any other material information affecting the rights or responsibilities of the beneficial
	661	+	20.15owners; and
	662	+	20.16 (3) The private fund adviser shall obtain on an annual basis audited financial statements
	663	+	20.17of each 3(c)(1) fund that is not a venture capital fund and shall deliver a copy of such audited
	664	+	20.18financial statements to each beneficial owner of the fund.
	665	+	20.19 (d) Federal covered investment advisers. If a private fund adviser is registered with
	666	+	20.20the Securities and Exchange Commission, the adviser shall not be eligible for the private
	667	+	20.21fund adviser exemption under paragraph (b), clause (3), and shall comply with the state
	668	+	20.22notice filing requirements applicable to federal covered investment advisers in section
	669	+	20.2380A.58.
	670	+	20.24 (e) Investment adviser representatives. A person is exempt from the registration
	671	+	20.25requirements of section 80A.58, paragraph (a), if he or she is employed by or associated
	672	+	20.26with an investment adviser that is exempt from registration in this state pursuant to the
	673	+	20.27private fund adviser exemption under paragraph (b), clause (3), and does not otherwise
	674	+	20.28engage in activities that would require registration as an investment adviser representative.
	675	+	20.29 (f) Electronic filings. The report filings described in subsection (b)(3)(ii) shall be made
	676	+	20.30electronically through the IARD. A report shall be deemed filed when the report and the
	677	+	20.31fee required by sections 80A.60 and 80A.65 are filed and accepted by the IARD on the
	678	+	20.32state's behalf.
	679	+	20Article 4 Sec. 10.
	680	+	REVISOR RSI/VJ 25-0280802/25/25 21.1 (g) Transition. An investment adviser who becomes ineligible for the exemption provided
	681	+	21.2by this section must comply with all applicable laws and rules requiring registration or
	682	+	21.3notice filing within 90 days from the date of the investment adviser's eligibility for this
	683	+	21.4exemption ceases.
	684	+	21.5 (h) Grandfathering for investment advisers to 3(c)(1) funds with nonqualified
	685	+	21.6clients. An investment adviser to a 3(c)(1) fund (other than a venture capital fund) that has
	686	+	21.7one or more beneficial owners who are not qualified clients as described in paragraph (c),
	687	+	21.8clause (1), is eligible for the exemption contained in paragraph (b), clause (3), if the following
	688	+	21.9conditions are satisfied:
	689	+	21.10 (1) the subject fund existed prior to August 1, 2013;
	690	+	21.11 (2) as of August 1, 2013, the subject fund ceases to accept beneficial owners who are
	691	+	21.12not qualified clients, as described in paragraph (c), clause (1);
	692	+	21.13 (3) the investment adviser discloses in writing the information described in paragraph
	693	+	21.14(c), clause (2), to all beneficial owners of the fund; and
	694	+	21.15 (4) as of August 1, 2013, the investment adviser delivers audited financial statements
	695	+	21.16as required by paragraph (c), clause (3).
	696	+	21.17 (i) Limits on employment or association. It is unlawful for an investment adviser,
	697	+	21.18directly or indirectly, to employ or associate with an individual to engage in an activity
	698	+	21.19related to investment advice in this state if the registration of the individual is suspended
	699	+	21.20or revoked or the individual is barred from employment or association with an investment
	700	+	21.21adviser, federal covered investment adviser, or broker-dealer by an order under this chapter,
	701	+	21.22the Securities and Exchange Commission, or a self-regulatory organization, unless the
	702	+	21.23investment adviser did not know, and in the exercise of reasonable care could not have
	703	+	21.24known, of the suspension, revocation, or bar. Upon request from the investment adviser and
	704	+	21.25for good cause, the administrator, by order, may waive, in whole or in part, the application
	705	+	21.26of the prohibitions of this subsection to the investment adviser.
	706	+	21.27Sec. 11. Minnesota Statutes 2024, section 80A.65, subdivision 2, is amended to read:
	707	+	21.28 Subd. 2.Registration application and renewal filing fee.Every applicant for an initial
	708	+	21.29or renewal registration shall pay a filing fee of $200 in the case of a broker-dealer, $65 in
	709	+	21.30the case of an agent, $100 in the case of an investment adviser, and $50 in the case of an
	710	+	21.31investment adviser representative. When an application is denied or withdrawn, the filing
	711	+	21.32fee shall be retained. A registered agent who has terminated employment with one
	712	+	21.33broker-dealer shall, before beginning employment with another broker-dealer, pay a transfer
	713	+	21Article 4 Sec. 11.
	714	+	REVISOR RSI/VJ 25-0280802/25/25 22.1fee of $25 $65. A registered investment adviser representative who has terminated
	715	+	22.2employment with one investment adviser must, before beginning employment with another
	716	+	22.3investment adviser, pay a $50 transfer fee.
	717	+	22.4 Sec. 12. Minnesota Statutes 2024, section 80A.65, is amended by adding a subdivision to
	718	+	22.5read:
	719	+	22.6 Subd. 2b.Private fund adviser filings.A private fund adviser must pay a $100 filing
	720	+	22.7fee when filing an initial or renewal notice required under section 80A.58.
	721	+	22.8 Sec. 13. EFFECTIVE DATE; TRANSITION PROVISION.
	722	+	22.9 The amendments to Minnesota Statutes, section 47.60, in this article are effective August
	723	+	22.101, 2025. An entity that filed and was approved under Minnesota Statutes, section 47.60,
	724	+	22.11before August 1, 2025, must file a renewal application that complies with Minnesota Statutes,
	725	+	22.12section 47.60, as amended by this article, between November 1, 2025, and December 31,
	726	+	22.132025, for activity occurring on or after January 1, 2026.
	727	+	22.14 ARTICLE 5
	728	+	22.15 MINNESOTA PREMIUM SECURITY PLAN
	729	+	22.16Section 1. Minnesota Statutes 2024, section 62E.21, is amended by adding a subdivision
	730	+	22.17to read:
	731	+	22.18 Subd. 2a.Assessment."Assessment" means the amount an eligible carrier under the
	732	+	22.19plan must pay to the association for operational costs, administrative costs, and reinsurance
	733	+	22.20payments relating to initiating and operating the plan.
	734	+	22.21Sec. 2. Minnesota Statutes 2024, section 62E.23, subdivision 1, is amended to read:
	735	+	22.22 Subdivision 1.Administration of plan.(a) The association is Minnesota's reinsurance
	736	+	22.23entity to administer the state-based reinsurance program referred to as the Minnesota premium
	737	+	22.24security plan.
	738	+	22.25 (b) The association may apply for any available federal funding for the plan. All funds
	739	+	22.26received by or appropriated to the association shall be deposited in the premium security
	740	+	22.27plan account in section 62E.25, subdivision 1. The association shall notify the chairs and
	741	+	22.28ranking minority members of the legislative committees with jurisdiction over health and
	742	+	22.29human services and insurance within ten days of receiving any federal funds.
	743	+	22Article 5 Sec. 2.
	744	+	REVISOR RSI/VJ 25-0280802/25/25 23.1 (c) The association must collect or access data from an eligible health carrier that are
	745	+	23.2necessary to determine reinsurance payments, according to the data requirements under
	746	+	23.3subdivision 5, paragraph (c).
	747	+	23.4 (d) The board must not use any funds allocated to the plan for staff retreats, promotional
	748	+	23.5giveaways, excessive executive compensation, or promotion of federal or state legislative
	749	+	23.6or regulatory changes.
	750	+	23.7 (e) For each applicable benefit year, the association must notify eligible health carriers
	751	+	23.8of reinsurance payments to be made for the applicable benefit year no later than June 30 of
	752	+	23.9the year following the applicable benefit year.
	753	+	23.10 (f) On a quarterly basis during the applicable benefit year, the association must provide
	754	+	23.11each eligible health carrier with the calculation of total reinsurance payment requests.
	755	+	23.12 (g) By August 15 of the year following the applicable benefit year, the association must
	756	+	23.13disburse all applicable reinsurance payments to an eligible health carrier.
	757	+	23.14 (h) The association must collect assessments from eligible carriers to pay for the
	758	+	23.15Minnesota premium security plan no later than June 30 of the year following the applicable
	759	+	23.16benefit year. The association must use the assessments collected under this paragraph to
	760	+	23.17pay the operational costs, administrative costs, and reinsurance payments of the plan not
	761	+	23.18covered by federal funding for the plan. By March 1 each year, the association must provide
	762	+	23.19each member with an estimate of the member's assessment for the upcoming applicable
	763	+	23.20benefit year. The association must notify each member of the member's assessment for the
	764	+	23.21applicable benefit year not later than June 30 of the year following the applicable benefit
	765	+	23.22year.
	766	+	23.23Sec. 3. Minnesota Statutes 2024, section 62E.23, subdivision 2, is amended to read:
	767	+	23.24 Subd. 2.Payment parameters.(a) The board must design and adjust the payment
	768	+	23.25parameters to ensure the payment parameters:
	769	+	23.26 (1) will stabilize or reduce premium rates in the individual market;
	770	+	23.27 (2) will increase participation in the individual market;
	771	+	23.28 (3) will improve access to health care providers and services for those in the individual
	772	+	23.29market;
	773	+	23.30 (4) mitigate the impact high-risk individuals have on premium rates in the individual
	774	+	23.31market;
	775	+	23.32 (5) take into account any federal funding available for the plan; and
	776	+	23Article 5 Sec. 3.
	777	+	REVISOR RSI/VJ 25-0280802/25/25 24.1 (6) take into account assessments imposed on eligible carriers; and
	778	+	24.2 (6) (7) take into account the total amount available to fund the plan.
	779	+	24.3 (b) The attachment point for the plan is the threshold amount for claims costs incurred
	780	+	24.4by an eligible health carrier for an enrolled individual's covered benefits in a benefit year,
	781	+	24.5beyond which the claims costs for benefits are eligible for reinsurance payments. The
	782	+	24.6attachment point shall be set by the board at $50,000 or more, but not exceeding the
	783	+	24.7reinsurance cap.
	784	+	24.8 (c) The coinsurance rate for the plan is the rate at which the association will reimburse
	785	+	24.9an eligible health carrier for claims incurred for an enrolled individual's covered benefits
	786	+	24.10in a benefit year above the attachment point and below the reinsurance cap. The coinsurance
	787	+	24.11rate shall be set by the board at a rate between 50 and 80 percent.
	788	+	24.12 (d) The reinsurance cap is the threshold amount for claims costs incurred by an eligible
	789	+	24.13health carrier for an enrolled individual's covered benefits, after which the claims costs for
	790	+	24.14benefits are no longer eligible for reinsurance payments. The reinsurance cap shall be set
	791	+	24.15by the board at $250,000 or less.
	792	+	24.16 (e) The board may adjust the payment parameters to the extent necessary to secure
	793	+	24.17federal approval of the state innovation waiver request in Laws 2017, chapter 13, article 1,
	794	+	24.18section 8.
	795	+	24.19Sec. 4. Minnesota Statutes 2024, section 62E.23, subdivision 3, is amended to read:
	796	+	24.20 Subd. 3.Operation.(a) The board shall propose to the commissioner the payment
	797	+	24.21parameters for the next benefit year by January 15 of the year before the applicable benefit
	798	+	24.22year. The commissioner shall approve or reject the payment parameters no later than 14
	799	+	24.23days following the board's proposal. If the commissioner fails to approve or reject the
	800	+	24.24payment parameters within 14 days following the board's proposal, the proposed payment
	801	+	24.25parameters are final and effective.
	802	+	24.26 (b) If the amount in the premium security plan account in section 62E.25, subdivision
	803	+	24.271, is not anticipated to be adequate to fully fund the approved payment parameters as of
	804	+	24.28July 1 of the year before the applicable benefit year, the board, in consultation with the
	805	+	24.29commissioner and the commissioner of management and budget, shall propose payment
	806	+	24.30parameters within the available appropriations or assess members to obtain the necessary
	807	+	24.31funding. The commissioner must permit an eligible health carrier to revise an applicable
	808	+	24.32rate filing based on the final payment parameters for the next benefit year.
	809	+	24Article 5 Sec. 4.
	810	+	REVISOR RSI/VJ 25-0280802/25/25 25.1 (c) Notwithstanding paragraph (a), the payment parameters for benefit years 2023 through
	811	+	25.22027 are:
	812	+	25.3 (1) an attachment point of $50,000;
	813	+	25.4 (2) a coinsurance rate of 80 percent; and
	814	+	25.5 (3) a reinsurance cap of $250,000.
	815	+	25.6 Sec. 5. Minnesota Statutes 2024, section 62E.24, subdivision 1, is amended to read:
	816	+	25.7 Subdivision 1.Accounting.The board must keep an accounting for each benefit year
	817	+	25.8of all:
	818	+	25.9 (1) funds appropriated for reinsurance payments and administrative and operational
	819	+	25.10expenses;
	820	+	25.11 (2) requests for reinsurance payments received from eligible health carriers;
	821	+	25.12 (3) assessments collected from eligible carriers;
	822	+	25.13 (3) (4) reinsurance payments made to eligible health carriers; and
	823	+	25.14 (4) (5) administrative and operational expenses incurred for the plan.
	824	+	25.15Sec. 6. Minnesota Statutes 2024, section 62E.24, subdivision 2, is amended to read:
	825	+	25.16 Subd. 2.Reports.(a) The board must submit to the commissioner and to the chairs and
	826	+	25.17ranking minority members of the legislative committees with jurisdiction over commerce
	827	+	25.18and health and make available to the public quarterly reports on plan operations and an
	828	+	25.19annual report summarizing the plan operations for each benefit year. All reports must be
	829	+	25.20made public by posting the report on the Minnesota Comprehensive Health Association
	830	+	25.21website. The annual summary must be made available by November 1 of the year following
	831	+	25.22the applicable benefit year or 60 calendar days following the final disbursement of
	832	+	25.23reinsurance payments for the applicable benefit year, whichever is later.
	833	+	25.24 (b) The reports must include information about:
	834	+	25.25 (1) the reinsurance parameters used;
	835	+	25.26 (2) the metal levels affected;
	836	+	25.27 (3) the number of claims payments estimated and submitted for payment per products
	837	+	25.28offered on-exchange and off-exchange and per eligible health carrier;
	838	+	25.29 (4) the estimated reinsurance payments by plan type based on carrier-submitted templates;
	839	+	25Article 5 Sec. 6.
	840	+	REVISOR RSI/VJ 25-0280802/25/25 26.1 (5) funds appropriated for reinsurance payments and administrative and operational
	841	+	26.2expenses for each year, including the federal and state contributions received, investment
	842	+	26.3income, assessments collected from eligible carriers, and any other revenue or funds received;
	843	+	26.4 (6) the total amount of reinsurance payments made to each eligible health carrier; and
	844	+	26.5 (7) administrative and operational expenses incurred for the plan, including the total
	845	+	26.6amount incurred and as a percentage of the plan's operational budget.
	846	+	26.7 Sec. 7. Minnesota Statutes 2024, section 62E.25, subdivision 1, is amended to read:
	847	+	26.8 Subdivision 1.Premium security plan account.The premium security plan account is
	848	+	26.9created in the special revenue fund of the state treasury. Funds in the account are appropriated
	849	+	26.10annually may include annual appropriations made to the commissioner of commerce for
	850	+	26.11grants to the Minnesota Comprehensive Health Association for the operational and
	851	+	26.12administrative costs and reinsurance payments relating to the start-up and operation of the
	852	+	26.13Minnesota premium security plan, as well as money received from assessments made under
	853	+	26.14section 62E.23. Notwithstanding section 11A.20, all investment income and all investment
	854	+	26.15losses attributable to the investment of the premium security plan account shall be credited
	855	+	26.16to the premium security plan account.
	856	+	26.17Sec. 8. Minnesota Statutes 2024, section 62E.25, is amended by adding a subdivision to
	857	+	26.18read:
	858	+	26.19 Subd. 4.Assessments.(a) The association must deposit assessments collected from
	859	+	26.20eligible carriers into the security plan account under subdivision 1 to pay for operational
	860	+	26.21costs, administrative costs, and reinsurance payments relating to initiating and operating
	861	+	26.22the plan.
	862	+	26.23 (b) The association must pay for operational costs, administrative costs, and reinsurance
	863	+	26.24payments relating to initiating and operating the plan using available money in the security
	864	+	26.25plan account, subject to the following order of the deposited money's source:
	865	+	26.26 (1) federal funding received for the plan; and
	866	+	26.27 (2) assessments from eligible carriers.
	867	+	26.28Sec. 9. [62E.26] STATE INNOVATION WAIVER.
	868	+	26.29 Subdivision 1.Waiver application submission.The commissioner of commerce must
	869	+	26.30apply to the United States Secretary of Health and Human Services and the United States
	870	+	26.31Secretary of the Treasury under United States Code, title 42, section 18052, for a state
	871	+	26Article 5 Sec. 9.
	872	+	REVISOR RSI/VJ 25-0280802/25/25 27.1innovation waiver to extend the Minnesota premium security plan for benefit years beginning
	873	+	27.2January 1, 2028, and future years to maximize federal funding. The waiver application must
	874	+	27.3clearly state that operation of the Minnesota premium security plan is contingent on approval
	875	+	27.4of the waiver request and receipt of federal funding for the basic health program in an
	876	+	27.5amount that is no less than the amount that the basic health program otherwise would have
	877	+	27.6received absent the waiver.
	878	+	27.7 Subd. 2.Consultation.When developing the waiver application under this section, the
	879	+	27.8commissioner must consult with the commissioner of human services, the commissioner
	880	+	27.9of health, and the director of MNsure.
	881	+	27.10 Subd. 3.Notification.The commissioner must notify the chairs and ranking minority
	882	+	27.11members of the legislative committees with jurisdiction over health and human services
	883	+	27.12and insurance, and the board of directors of the Minnesota Comprehensive Health
	884	+	27.13Association, regarding (1) the commissioner's intent to submit a waiver application, and
	885	+	27.14(2) federal action taken with respect to the waiver request.
	886	+	27.15 Subd. 4.Waiver denial; plan implementation prohibition.If the state innovation
	887	+	27.16waiver request submitted under subdivision 1 is not approved or if the federal funding for
	888	+	27.17the basic health program is less than the amount that the basic health program otherwise
	889	+	27.18would have received absent the waiver, the association is prohibited from administering the
	890	+	27.19plan and providing reinsurance payments to eligible health carriers.
	891	+	27.20 ARTICLE 6
	892	+	27.21 ENERGY POLICY
	893	+	27.22Section 1. Minnesota Statutes 2024, section 116C.7792, is amended to read:
	894	+	27.23 116C.7792 SOLAR ENERGY PRODUCTION INCENTIVE PROGRAM.
	895	+	27.24 (a) The utility subject to section 116C.779 shall operate a program to provide solar
	896	+	27.25energy production incentives for solar energy systems of no more than a total aggregate
	897	+	27.26nameplate capacity of 40 kilowatts alternating current per premise. The owner of a solar
	898	+	27.27energy system installed before June 1, 2018, is eligible to receive a production incentive
	899	+	27.28under this section for any additional solar energy systems constructed at the same customer
	900	+	27.29location, provided that the aggregate capacity of all systems at the customer location does
	901	+	27.30not exceed 40 kilowatts.
	902	+	27.31 (b) The program is funded by money withheld from transfer to the renewable development
	903	+	27.32account under section 116C.779, subdivision 1, paragraphs (b) and (e). Program funds must
	904	+	27Article 6 Section 1.
	905	+	REVISOR RSI/VJ 25-0280802/25/25 28.1be placed in a separate account for the purpose of the solar energy production incentive
	906	+	28.2program operated by the utility and not for any other program or purpose.
	907	+	28.3 (c) Funds allocated to the solar energy production incentive program in 2019 and 2020
	908	+	28.4remain available to the solar energy production incentive program.
	909	+	28.5 (d) The following amounts are allocated to the solar energy production incentive program:
	910	+	28.6 (1) $10,000,000 in 2021;
	911	+	28.7 (2) $10,000,000 in 2022;
	912	+	28.8 (3) $5,000,000 in 2023;
	913	+	28.9 (4) $11,250,000 in 2024;
	914	+	28.10 (5) $6,250,000 in 2025; and
	915	+	28.11 (6) $5,000,000 each year, beginning in 2026 through 2035.
	916	+	28.12 (e) Notwithstanding the Department of Commerce's November 14, 2018, decision in
	917	+	28.13Docket No. E002/M-13-1015 regarding operation of the utility's solar energy production
	918	+	28.14incentive program, half of the amounts allocated each year under paragraph (d), clauses (3),
	919	+	28.15(4), and (5), and (6), must be reserved for solar energy systems whose installation meets
	920	+	28.16the eligibility standards for the low-income program established in the November 14, 2018,
	921	+	28.17decision or successor decisions of the department. All other program operations of the solar
	922	+	28.18energy production incentive program are governed by the provisions of the November 14,
	923	+	28.192018, decision or successor decisions of the department.
	924	+	28.20 (f) Funds allocated to the solar energy production incentive program that have not been
	925	+	28.21committed to a specific project at the end of a program year remain available to the solar
	926	+	28.22energy production incentive program.
	927	+	28.23 (g) Any unspent amount remaining on January 1, 2028 2038, must be transferred to the
	928	+	28.24renewable development account.
	929	+	28.25 (h) A solar energy system receiving a production incentive under this section must be
	930	+	28.26sized to less than 120 percent of the customer's on-site annual energy consumption when
	931	+	28.27combined with other distributed generation resources and subscriptions provided under
	932	+	28.28section 216B.1641 associated with the premise. The production incentive must be paid for
	933	+	28.29ten years commencing with the commissioning of the system.
	934	+	28.30 (i) The utility must file a plan to operate the program with the commissioner of commerce.
	935	+	28.31The utility may not operate the program until it is approved by the commissioner. A change
	936	+	28.32to the program to include projects up to a nameplate capacity of 40 kilowatts or less does
	937	+	28Article 6 Section 1.
	938	+	REVISOR RSI/VJ 25-0280802/25/25 29.1not require the utility to file a plan with the commissioner. Any plan approved by the
	939	+	29.2commissioner of commerce must not provide an increased incentive scale over prior years
	940	+	29.3unless the commissioner demonstrates that changes in the market for solar energy facilities
	941	+	29.4require an increase.
	942	+	29.5 Sec. 2. Minnesota Statutes 2024, section 216C.09, is amended to read:
	943	+	29.6 216C.09 COMMISSIONER DUTIES.
	944	+	29.7 (a) The commissioner shall:
	945	+	29.8 (1) manage the department as the central repository within the state government for the
	946	+	29.9collection of data on energy;
	947	+	29.10 (2) prepare and adopt an emergency allocation plan specifying actions to be taken in the
	948	+	29.11event of an impending serious shortage of energy, or a threat to public health, safety, or
	949	+	29.12welfare;
	950	+	29.13 (3) undertake a continuing assessment of trends in the consumption of all forms of energy
	951	+	29.14and analyze the social, economic, and environmental consequences of these trends;
	952	+	29.15 (4) carry out energy conservation and efficiency measures as specified by the legislature
	953	+	29.16and recommend to the governor and the legislature additional energy policies and energy
	954	+	29.17conservation measures and efficiency programming as required to meet the objectives of
	955	+	29.18this chapter;
	956	+	29.19 (5) collect and analyze data relating to present and future demands and resources for all
	957	+	29.20sources of energy;
	958	+	29.21 (6) evaluate policies governing the establishment of rates and prices for energy as related
	959	+	29.22to energy conservation and energy efficiency, and other goals and policies of this chapter,
	960	+	29.23and make recommendations for changes in energy pricing policies and rate schedules;
	961	+	29.24 (7) study the impact and relationship of the state energy policies to international, national,
	962	+	29.25and regional energy policies;
	963	+	29.26 (8) design and implement a state program for the energy conservation of energy and
	964	+	29.27efficiency; this the program shall must include but is not be limited to, general commercial,
	965	+	29.28industrial, and residential, and transportation areas; such the program shall must also provide
	966	+	29.29for the evaluation of energy systems as they relate to lighting, heating, refrigeration, air
	967	+	29.30conditioning, building design and operation, and appliance manufacturing and operation;
	968	+	29Article 6 Sec. 2.
	969	+	REVISOR RSI/VJ 25-0280802/25/25 30.1 (9) inform and educate the public about the sources and uses of energy and the ways in
	970	+	30.2which persons Minnesotans can transition to a clean energy future, conserve energy, and
	971	+	30.3save money;
	972	+	30.4 (10) dispense funds made available for the purpose of research studies and projects of
	973	+	30.5professional and civic orientation, which are related to either energy conservation, resource
	974	+	30.6recovery, or the development of alternative energy technologies which conserve
	975	+	30.7nonrenewable energy resources while creating minimum environmental impact;
	976	+	30.8 (11) charge other governmental departments and agencies involved in energy-related
	977	+	30.9activities with specific information gathering goals and require that those goals be met;
	978	+	30.10 (12) design a comprehensive program for the development of indigenous energy
	979	+	30.11resources. The program shall include, but not be limited to, providing technical,
	980	+	30.12informational, educational, and financial services and materials to persons, businesses,
	981	+	30.13municipalities, and organizations involved in the development of primary and emerging
	982	+	30.14energy sources, including but not limited to solar, wind, hydropower, peat, fiber fuels,
	983	+	30.15biomass, and other alternative energy resources. The program shall be evaluated by the
	984	+	30.16alternative energy technical activity; and
	985	+	30.17 (13) dispense loans, grants, or other financial aid resources from money received from
	986	+	30.18litigation or a settlement of alleged violations of federal petroleum-pricing regulations made
	987	+	30.19available to the department for that purpose.
	988	+	30.20 (b) Further, the commissioner may participate fully in hearings before the Public Utilities
	989	+	30.21Commission on matters pertaining to rate design, cost allocation, efficient resource utilization,
	990	+	30.22utility conservation investments, small power production, cogeneration, and other rate issues.
	991	+	30.23The commissioner shall support the policies stated in section 216C.05 and shall prepare
	992	+	30.24and defend testimony proposed to encourage energy conservation improvements as defined
	993	+	30.25in section 216B.241.
	994	+	30.26Sec. 3. Minnesota Statutes 2024, section 216C.10, is amended to read:
	995	+	30.27 216C.10 COMMISSIONER POWERS.
	996	+	30.28 (a) The commissioner may:
	997	+	30.29 (1) adopt rules under chapter 14 as necessary to carry out the purposes of this chapter;
	998	+	30.30 (2) make all contracts under this chapter and do all things necessary to cooperate with
	999	+	30.31the United States government, and to qualify for, accept, and disburse any grant intended
	1000	+	30.32to administer this chapter;
	1001	+	30Article 6 Sec. 3.
	1002	+	REVISOR RSI/VJ 25-0280802/25/25 31.1 (3) provide on-site technical assistance to units of local government in order to enhance
	1003	+	31.2local capabilities for dealing with energy problems to provide energy-related financial
	1004	+	31.3resources, planning, outreach, and engagement;
	1005	+	31.4 (4) administer for the state, energy programs under federal law, regulations, or guidelines,
	1006	+	31.5and coordinate the programs and activities with other state agencies, units of local
	1007	+	31.6government, and educational institutions;
	1008	+	31.7 (5) develop a state energy investment plan with yearly energy conservation and alternative
	1009	+	31.8energy development goals, investment targets, and marketing strategies;
	1010	+	31.9 (6) perform market analysis studies relating to conservation, alternative and renewable
	1011	+	31.10energy resources, and energy recovery;
	1012	+	31.11 (7) assist with the preparation of proposals for innovative conservation, renewable,
	1013	+	31.12alternative, or energy recovery projects;
	1014	+	31.13 (8) manage and disburse funds made available for the purpose of research studies or
	1015	+	31.14demonstration projects related to energy conservation or other activities deemed appropriate
	1016	+	31.15by the commissioner;
	1017	+	31.16 (9) intervene in certificate of need proceedings before the Public Utilities Commission;
	1018	+	31.17 (10) collect fees from recipients of loans, grants, or other financial aid from money
	1019	+	31.18received from litigation or settlement of alleged violations of federal petroleum-pricing
	1020	+	31.19regulations, which fees must be used to pay the department's costs in administering those
	1021	+	31.20financial aids; and
	1022	+	31.21 (11) collect fees from proposers and operators of conservation and other energy-related
	1023	+	31.22programs that are reviewed, evaluated, or approved by the department, other than proposers
	1024	+	31.23that are political subdivisions or community or nonprofit organizations, to cover the
	1025	+	31.24department's cost in making the reviewal, evaluation, or approval and in developing additional
	1026	+	31.25programs for others to operate.
	1027	+	31.26 (b) Notwithstanding any other law, the commissioner is designated the state agent to
	1028	+	31.27apply for, receive, and accept federal or other funds made available to the state for the
	1029	+	31.28purposes of this chapter.
	1030	+	31.29Sec. 4. Minnesota Statutes 2024, section 216C.11, is amended to read:
	1031	+	31.30 216C.11 ENERGY CONSERVATION INFORMATION CENTER.
	1032	+	31.31 (a) The commissioner shall must establish an Energy Information Center in the
	1033	+	31.32department's offices in St. Paul department. The information center shall must maintain a
	1034	+	31Article 6 Sec. 4.
	1035	+	REVISOR RSI/VJ 25-0280802/25/25 32.1toll-free telephone information service and disseminate printed materials on energy
	1036	+	32.2conservation topics, including but not limited to, availability of loans and other public and
	1037	+	32.3private financing methods for energy conservation physical improvements, the techniques
	1038	+	32.4and materials used to conserve energy in buildings, including retrofitting or upgrading
	1039	+	32.5insulation and installing weatherstripping, the projected prices and availability of different
	1040	+	32.6sources of energy, and alternative sources of energy physical, virtual, and mobile information
	1041	+	32.7service that collects, analyzes, and disseminates energy resources, data, technical assistance
	1042	+	32.8and expertise, financial assistance, connections, and information on a variety of energy
	1043	+	32.9topics relevant to Minnesota consumers, businesses, Tribal and local governments, and
	1044	+	32.10community organizations. The information center must be accessible and responsive to
	1045	+	32.11public inquiries, and must conduct proactive outreach.
	1046	+	32.12 The Energy Information Center shall serve as the official Minnesota Alcohol Fuels
	1047	+	32.13Information Center and shall disseminate information, printed, by the toll-free telephone
	1048	+	32.14information service, or otherwise on the applicability and technology of alcohol fuels.
	1049	+	32.15 The information center shall include information on the potential hazards of energy
	1050	+	32.16conservation techniques and improvements in the printed materials disseminated. The
	1051	+	32.17commissioner shall not be liable for damages arising from the installation or operation of
	1052	+	32.18equipment or materials recommended by the information center.
	1053	+	32.19 (b) The information center shall must use the information collected under section
	1054	+	32.20216C.02, subdivision 1, to maintain a central source of information on energy conservation,
	1055	+	32.21energy efficiency, and other energy-related programs, including both programs required by
	1056	+	32.22law or rule and programs developed and carried on voluntarily.
	1057	+	32.23Sec. 5. Minnesota Statutes 2024, section 216C.12, is amended to read:
	1058	+	32.24 216C.12 ENERGY CONSERVATION PUBLICITY LITERACY.
	1059	+	32.25 (a) The commissioner, in consultation with other affected agencies or departments shall,
	1060	+	32.26must develop informational materials, pamphlets and radio and television messages and
	1061	+	32.27messaging on energy conservation and housing energy efficiency programs available in
	1062	+	32.28Minnesota, renewable energy resources, and energy supply and demand. The printed materials
	1063	+	32.29shall include information on available tax credits for residential energy conservation
	1064	+	32.30measures, residential retrofitting loan and grant programs, and data on the economics of
	1065	+	32.31energy conservation and renewable resource measures. Copies of printed materials shall be
	1066	+	32.32distributed to members of the appropriate standing committees of the legislature. The
	1067	+	32.33commissioner must use modern and current outreach strategies and media to distribute the
	1068	+	32.34informational materials and messaging to the widest possible audience.
	1069	+	32Article 6 Sec. 5.
	1070	+	REVISOR RSI/VJ 25-0280802/25/25 33.1 (b) The informational materials must promote energy literacy for individuals and
	1071	+	33.2communities to help individuals and communities make informed decisions on topics ranging
	1072	+	33.3from smart energy use at home and consumer choices to national and international energy
	1073	+	33.4policy. The informational materials must include but are not limited to information on energy
	1074	+	33.5sources, energy generation, energy use, energy conservation strategies, the energy workforce
	1075	+	33.6sector, and state and federal energy-related programs administered by the department.
	1076	+	33.7 Sec. 6. Minnesota Statutes 2024, section 216C.391, subdivision 1, is amended to read:
	1077	+	33.8 Subdivision 1.Definitions.(a) For the purposes of this section, the following terms have
	1078	+	33.9the meanings given.
	1079	+	33.10 (b) "Competitive funds" means federal funds awarded to selected applicants based on
	1080	+	33.11the grantor's evaluation of the strength of an application measured against all other
	1081	+	33.12applications.
	1082	+	33.13 (c) "Disadvantaged community" has the meaning given by the federal agency disbursing
	1083	+	33.14federal funds.
	1084	+	33.15 (d) "Eligible entity" means an entity located in Minnesota that is eligible to receive
	1085	+	33.16federal funds, tax credits, loans, or an entity that has at least one Minnesota-based partner,
	1086	+	33.17as determined by the grantor of the federal funds, tax credits, or loans.
	1087	+	33.18 (e) "Federal funds" means federal formula or competitive funds available for award to
	1088	+	33.19applicants for energy projects under the Infrastructure Investment and Jobs Act, Public Law
	1089	+	33.20117-58, or the Inflation Reduction Act of 2022, Public Law 117-169.
	1090	+	33.21 (f) "Formula funds" means federal funds awarded to all eligible applicants on a
	1091	+	33.22noncompetitive basis.
	1092	+	33.23 (g) "Loans" means federal loans from loan funds authorized or funded in the Inflation
	1093	+	33.24Reduction Act of 2022, Public Law 117-169.
	1094	+	33.25 (h) "Match" means the amount of state nonfederal money a successful grantee in
	1095	+	33.26Minnesota is required to contribute to a project as a condition of receiving federal funds.
	1096	+	33.27 (i) "Political subdivision" has the meaning given in section 331A.01, subdivision 3.
	1097	+	33.28 (j) "Project" means the activities proposed to be undertaken by an eligible entity awarded
	1098	+	33.29federal funds and are located in Minnesota or will directly benefit Minnesotans.
	1099	+	33.30 (k) "Tax credits" means federal tax credits authorized in the Inflation Reduction Act of
	1100	+	33.312022, Public Law 117-169.
	1101	+	33Article 6 Sec. 6.
	1102	+	REVISOR RSI/VJ 25-0280802/25/25 34.1 (l) "Tribal government" has the meaning given in section 116J.64, subdivision 4.
	1103	+	34.2 Sec. 7. Minnesota Statutes 2024, section 216C.391, subdivision 3, is amended to read:
	1104	+	34.3 Subd. 3.Grant awards; eligible entities; priorities.(a) Grants may be awarded under
	1105	+	34.4this section to eligible entities in accordance with the following order of priorities:
	1106	+	34.5 (1) federal formula funds directed to the state that require a match;
	1107	+	34.6 (2) federal funds directed to a political subdivision or a Tribal government that require
	1108	+	34.7a match;
	1109	+	34.8 (3) federal funds directed to an institution of higher education, a consumer-owned utility,
	1110	+	34.9a business, or a nonprofit organization that require a match;
	1111	+	34.10 (4) federal funds directed to investor-owned utilities that require a match;
	1112	+	34.11 (5) federal funds directed to an eligible entity not included in clauses (1) to (4) that
	1113	+	34.12require a match; and
	1114	+	34.13 (6) all other grant opportunities directed to eligible entities that do not require a match
	1115	+	34.14but for which the commissioner determines that a grant made under this section is likely to
	1116	+	34.15enhance the likelihood of an applicant receiving federal funds, or to increase the potential
	1117	+	34.16amount of federal funds received.
	1118	+	34.17 (b) By November 15, 2023, the commissioner must develop and publicly post, and report
	1119	+	34.18to the chairs and ranking minority members of the legislative committees with jurisdiction
	1120	+	34.19over energy finance, the federal energy grant funds that are eligible for state matching funds
	1121	+	34.20under this section.
	1122	+	34.21 (c) Notwithstanding Minnesota Statutes, section 16B.98, subdivision 5, paragraph (b),
	1123	+	34.22a grant made under this section may exceed five years.
	1124	+	34.23 ARTICLE 7
	1125	+	34.24 WEIGHTS & MEASURES POLICY
	1126	+	34.25Section 1. [239.90] RETAIL ELECTRIC VEHICLE SUPPLY EQUIPMENT.
	1127	+	34.26 Subdivision 1.Definitions.(a) For purposes of this section, the following terms have
	1128	+	34.27the meanings given.
	1129	+	34.28 (b) "Electric vehicle supply equipment" or "EVSE" means a conductor, including an
	1130	+	34.29ungrounded, grounded, and equipment grounding conductor, electric vehicle connector,
	1131	+	34.30attachment plug, and other fitting, device, power outlet, or apparatus installed specifically
	1132	+	34Article 7 Section 1.
	1133	+	REVISOR RSI/VJ 25-0280802/25/25 35.1to measure, deliver, and compute the price of electrical energy delivered to an electric
	1134	+	35.2vehicle.
	1135	+	35.3 (c) "Electricity sold as vehicle fuel" means electrical energy transferred to or stored
	1136	+	35.4onboard an electric vehicle primarily to propel the electric vehicle.
	1137	+	35.5 (d) "Fixed service" means a service that continuously provides the nominal power that
	1138	+	35.6is possible with the equipment as installed.
	1139	+	35.7 (e) "Nominal power" means the intended, named, or stated, as opposed to the actual,
	1140	+	35.8rate of electrical energy transfer.
	1141	+	35.9 (f) "Variable service" means a service that may be controlled, resulting in periods of
	1142	+	35.10reduced or interrupted transfer of electrical energy.
	1143	+	35.11 Subd. 2.Inspection; fees.The director must inspect a retail EVSE annually or as often
	1144	+	35.12as is possible given budgetary and staffing limitations. The director must charge an EVSE
	1145	+	35.13owner a $100 fee to inspect and test each EVSE charging port.
	1146	+	35.14 Subd. 3.EVSE program account; appropriation.An EVSE program account is created
	1147	+	35.15in the special revenue fund of the state treasury. The commissioner must credit to the account
	1148	+	35.16fees collected from inspections under this section and appropriations and transfers made to
	1149	+	35.17the account. Earnings, including interest, dividends, and any other earnings arising from
	1150	+	35.18assets of the account, must be credited to the account. Money in the account is appropriated
	1151	+	35.19to the commissioner to pay for operations of the EVSE program.
	1152	+	35.20 Subd. 4.Method of sale.(a) Electrical energy kept, offered, or exposed for sale and
	1153	+	35.21sold at retail as a vehicle fuel must be expressed in kilowatt-hour units.
	1154	+	35.22 (b) In addition to the price per kilowatt-hour for the quantity of electrical energy sold,
	1155	+	35.23a fee may be assessed for other services. A fee assessed for another service may be a fixed
	1156	+	35.24fee or may be based on time measurement.
	1157	+	35.25 Subd. 5.Labeling.(a) A computing EVSE must display the unit price in whole cents
	1158	+	35.26or tenths of one cent, based on the price per kilowatt-hour. If the electrical energy is unlimited
	1159	+	35.27or free of charge, the computing EVSE must clearly indicate that the electrical energy is
	1160	+	35.28unlimited or free of charge in lieu of the unit price.
	1161	+	35.29 (b) For a fixed service application, the following information must be conspicuously
	1162	+	35.30displayed or posted on the face of the device:
	1163	+	35.31 (1) the level of electric vehicle service, expressed as the nominal power transfer; and
	1164	+	35.32 (2) the type of electrical energy transfer.
	1165	+	35Article 7 Section 1.
	1166	+	REVISOR RSI/VJ 25-0280802/25/25 36.1 (c) If a fee is assessed for other services in direct connection with fueling the vehicle,
	1167	+	36.2including but not limited to a fee based on time measurement or a fixed fee, the additional
	1168	+	36.3fee must be displayed.
	1169	+	36.4 (d) An EVSE must be labeled in a manner that complies with Federal Trade
	1170	+	36.5Commissioner labeling requirements for alternative fuels and alternative fueled vehicles,
	1171	+	36.6Code of Federal Regulations, title 16, part 309.
	1172	+	36.7 (e) An EVSE must be listed and labeled in a manner that complies with the National
	1173	+	36.8Electric Code NFPA 70, Article 625, Electric Vehicle Charging Systems.
	1174	+	36.9 Subd. 6.Advertising; sign prices.(a) When a sign or device is used to advertise the
	1175	+	36.10price of electricity to fuel a vehicle, the price for electrical energy must be expressed in
	1176	+	36.11price per kilowatt-hour, in whole cents or tenths of one cent. If the electrical energy is
	1177	+	36.12unlimited or free of charge, advertising or sign must clearly indicate that the electrical energy
	1178	+	36.13is unlimited or free of charge in lieu of the unit price.
	1179	+	36.14 (b) If more than one electrical energy unit price may apply over the duration of a single
	1180	+	36.15transaction or sale to the general public, the terms and conditions that determine each unit
	1181	+	36.16price and the times each unit price apply must be clearly displayed.
	1182	+	36.17 (c) For a fixed service application, the following information must be conspicuously
	1183	+	36.18displayed or posted:
	1184	+	36.19 (1) the level of electric vehicle service, expressed as the nominal power transfer; and
	1185	+	36.20 (2) the type of electrical energy transfer.
	1186	+	36.21 (d) For a variable service application, the following information must be conspicuously
	1187	+	36.22displayed or posted:
	1188	+	36.23 (1) the type of delivery;
	1189	+	36.24 (2) the minimum and maximum power transfer that may occur during a transaction,
	1190	+	36.25including whether service may be reduced to zero;
	1191	+	36.26 (3) the conditions under which a variation in electrical energy transfer occurs; and
	1192	+	36.27 (4) the type of electrical energy transfer.
	1193	+	36.28 (e) If a fee is assessed for other services in direct connection with the fueling of the
	1194	+	36.29vehicle, including but not limited to a fee based on time measurement or a fixed fee, the
	1195	+	36.30additional fee must be included on all street signs or other advertising.
	1196	+	36Article 7 Section 1.
	1197	+	REVISOR RSI/VJ 25-0280802/25/25 37.1 Subd. 7.Administrative rulemaking.For purposes of this section, the commissioner
	1198	+	37.2may use the expedited rulemaking process under section 14.389 to adopt administrative
	1199	+	37.3rules that incorporate the 2025 version of NIST Handbook 44 into Minnesota Rules, chapter
	1200	+	37.47601.
	1201	+	37.5 ARTICLE 8
	1202	+	37.6 CANNABIS POLICY
	1203	+	37.7 Section 1. Minnesota Statutes 2024, section 342.17, is amended to read:
	1204	+	37.8 342.17 SOCIAL EQUITY APPLICANTS.
	1205	+	37.9 (a) An applicant qualifies as a social equity applicant if the applicant:
	1206	+	37.10 (1) was convicted of, received a stay of adjudication under chapter 609 for, or was
	1207	+	37.11adjudicated delinquent under chapter 260B of an offense involving the possession or sale
	1208	+	37.12of cannabis or marijuana prior to May 1, 2023;
	1209	+	37.13 (2) had a parent, guardian, child, spouse, or dependent who was convicted of an offense
	1210	+	37.14involving the possession or sale of cannabis or marijuana prior to May 1, 2023;
	1211	+	37.15 (3) was a dependent of an individual who was convicted of an offense involving the
	1212	+	37.16possession or sale of cannabis or marijuana prior to May 1, 2023;
	1213	+	37.17 (4) is a military veteran, including a service-disabled veteran, current or former member
	1214	+	37.18of the national guard;
	1215	+	37.19 (5) is a military veteran or current or former member of the national guard who lost
	1216	+	37.20honorable status due to an offense involving the possession or sale of cannabis or marijuana;
	1217	+	37.21 (6) has been a resident for the last five years of one or more subareas, such as census
	1218	+	37.22tracts or neighborhoods:
	1219	+	37.23 (i) that experienced a disproportionately large amount of cannabis enforcement as
	1220	+	37.24determined by the study conducted by the office pursuant to section 342.04, paragraph (b),
	1221	+	37.25or another report based on federal or state data on arrests or convictions;
	1222	+	37.26 (ii) where the poverty rate was 20 percent or more;
	1223	+	37.27 (iii) where the median family income did not exceed 80 percent of the statewide median
	1224	+	37.28family income or, if in a metropolitan area, did not exceed the greater of 80 percent of the
	1225	+	37.29statewide median family income or 80 percent of the median family income for that
	1226	+	37.30metropolitan area;
	1227	+	37Article 8 Section 1.
	1228	+	REVISOR RSI/VJ 25-0280802/25/25 38.1 (iv) where at least 20 percent of the households receive assistance through the
	1229	+	38.2Supplemental Nutrition Assistance Program; or
	1230	+	38.3 (v) where the population has a high level of vulnerability according to the Centers for
	1231	+	38.4Disease Control and Prevention and Agency for Toxic Substances and Disease Registry
	1232	+	38.5(CDC/ATSDR) Social Vulnerability Index; or
	1233	+	38.6 (7) has participated in the business operation of a farm for at least three years and
	1234	+	38.7currently provides the majority of the day-to-day physical labor and management of a farm
	1235	+	38.8that had gross farm sales of at least $5,000 but not more than $100,000 in the previous year.
	1236	+	38.9 (b) The qualifications described in paragraph (a) apply to each individual applicant or,
	1237	+	38.10in the case of a business entity, apply to at least 65 percent of the controlling ownership of
	1238	+	38.11the business entity.
	1239	+	38.12Sec. 2. Minnesota Statutes 2024, section 342.37, is amended by adding a subdivision to
	1240	+	38.13read:
	1241	+	38.14 Subd. 2a.Cannabis testing facility licenses.(a) Pending an applicant's accreditation
	1242	+	38.15by a laboratory accrediting organization approved by the office, the office may issue or
	1243	+	38.16renew a cannabis testing facility license for an applicant that is a person, cooperative, or
	1244	+	38.17business if the applicant:
	1245	+	38.18 (1) submits documentation to the office demonstrating that the applicant has a signed
	1246	+	38.19contract with a laboratory accreditation organization approved by the office, has scheduled
	1247	+	38.20an audit, and is making progress toward accreditation by a laboratory accrediting organization
	1248	+	38.21approved by the office according to the standards of the most recent edition of ISO/IEC
	1249	+	38.2217025: General Requirements for the Competence of Testing and Calibration Laboratories;
	1250	+	38.23 (2) passes a final site inspection conducted by the office; and
	1251	+	38.24 (3) meets all other licensing requirements according to chapter 342 and Minnesota Rules.
	1252	+	38.25 (b) After receiving a license under this section, a license holder may operate a cannabis
	1253	+	38.26testing facility up to one year with pending accreditation status.
	1254	+	38.27 (c) If, after one year, a license holder continues to have pending accreditation status, the
	1255	+	38.28license holder may apply for a onetime extension to continue operations for up to six months.
	1256	+	38.29The office may grant an extension under this paragraph to a license holder if the license
	1257	+	38.30holder:
	1258	+	38.31 (1) passes a follow-up site inspection conducted by the office;
	1259	+	38Article 8 Sec. 2.
	1260	+	REVISOR RSI/VJ 25-0280802/25/25 39.1 (2) submits an initial audit report from a laboratory accrediting organization approved
	1261	+	39.2by the office; and
	1262	+	39.3 (3) submits any additional information requested by the office.
	1263	+	39.4 (d) The office may revoke a cannabis testing facility license held by a license holder
	1264	+	39.5with pending accreditation status if the office determines or has reason to believe that the
	1265	+	39.6license holder:
	1266	+	39.7 (1) is not making progress toward accreditation; or
	1267	+	39.8 (2) has violated a cannabis testing requirement, an ownership requirement, or an
	1268	+	39.9operational requirement in chapter 342 or Minnesota Rules.
	1269	+	39.10 (e) The office must not issue or renew a cannabis testing facility license under this
	1270	+	39.11subdivision for a license holder if the license holder's accreditation has been suspended or
	1271	+	39.12revoked by a laboratory accrediting organization.
	1272	+	39.13Sec. 3. Minnesota Statutes 2024, section 342.37, is amended by adding a subdivision to
	1273	+	39.14read:
	1274	+	39.15 Subd. 2b.Loss of accreditation.(a) A license holder must report loss of accreditation
	1275	+	39.16to the office within 24 hours of receiving notice of the loss of accreditation.
	1276	+	39.17 (b) The office must immediately revoke a license holder's license upon receiving notice
	1277	+	39.18that the license holder has lost accreditation.
	1278	+	39Article 8 Sec. 3.
	1279	+	REVISOR RSI/VJ 25-0280802/25/25 Page.Ln 1.17COMMERCE FINANCE.......................................................................ARTICLE 1
	1280	+	Page.Ln 7.10CLIMATE AND ENERGY FINANCE..................................................ARTICLE 2
	1281	+	Page.Ln 10.2RENEWABLE DEVELOPMENT ACCOUNT APPROPRIATIONS....ARTICLE 3
	1282	+	Page.Ln 11.25FINANCIAL INSTITUTIONS POLICY...............................................ARTICLE 4
	1283	+	Page.Ln 22.14MINNESOTA PREMIUM SECURITY PLAN.....................................ARTICLE 5
	1284	+	Page.Ln 27.20ENERGY POLICY.................................................................................ARTICLE 6
	1285	+	Page.Ln 34.23WEIGHTS & MEASURES POLICY....................................................ARTICLE 7
	1286	+	Page.Ln 37.5CANNABIS POLICY............................................................................ARTICLE 8
482	1287		1
483	1288		APPENDIX
484		-	Article locations for ~~H2443-1~~
	1289	+	Article locations for 25-02808