Bonding bill forecast to be prepared and delivered to the governor and the legislature requirement
This bill requires Minnesota's commissioner to prepare and deliver two annual financial forecasts to the governor and legislature: a debt capacity forecast (showing actual and projected debt service, outstanding debt, and borrowing capacity) and a bonding bill forecast (calculating the maximum bond amount that can be issued while keeping debt service below 2.5% of general fund revenues). It affects the commissioner's office, mandating specific data reporting for fiscal transparency. The bill does not create new policy or impact citizens directly; it establishes a procedural requirement for budget planning. The forecasts must be delivered in February and November each year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 25, 2025
Last action Apr 25, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 25, 2025
Committee
Referred to Capital Investment
upper
Apr 25, 2025
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Sandy Pappas
DDemocratic-Farmer-Labor
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