SF4812

Purpose

This bill would move money from the Family and Medical Benefit Insurance (FMBI) account to the General Fund as a one-time action. The FMBI account is part of the Minnesota Paid Leave Law system.

Main Provisions

• On June 30, 2026, the commissioner of management and budget must make a onetime transfer of $70,000,000 from the FMBI account to the General Fund.
• The FMBI account is established in Minnesota Statutes section 268B.02, subdivision 4.
• This action is a one-time transfer and is related to the Minnesota Paid Leave Law.

Significant Changes to Existing Law

• Money is redirected from the FMBI account to the General Fund, reducing the funds available in the FMBI account.
• The change is a single, non-recurring transfer and does not establish ongoing funding changes.

Relevant Terms family and medical benefit insurance account FMBI General Fund one-time transfer June 30, 2026 commissioner of management and budget Minnesota Statutes section 268B.02 subdivision 4 Minnesota Paid Leave Law balance of FMBI transfer of funds