Land monument protection fund established for the public land survey system monument grant program, and new fee set for registration of a mortgage or deed.

This bill creates a new Land Monument Protection Fund in Minnesota to support the Public Land Survey System monument grant program, which helps preserve physical markers used to define property boundaries. It establishes new fees on mortgage recordings and property deed transfers, with the revenue from these fees directed into the fund. The changes apply to individuals and businesses recording mortgages or transferring real property, with fees set to take effect on July 1, 2026. The bill also clarifies tax calculations for different types of property transfers and adds rules for designated transfers where ownership interests are transferred shortly after the initial transaction.