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SF 2315

Excess money in the grain indemnity account requirement to be transferred to the agricultural emergency account

2025-2026 Regular Session Introduced by Gary Dahms and 1 co-sponsor

Excess funds in Minnesota's grain indemnity account must be transferred to the agricultural emergency account, reallocating surplus to support agricultural emergencies.

Referred to Agriculture, Veterans, Broadband, and Rural Development
#agricultureandagriculturedepartment #government-state
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WeVote Research Nonpartisan
Bill Summary · SF 2315

SF 2315 — Excess money in the grain indemnity account transferred to the agricultural emergency account

Overview

SF 2315 is a Minnesota Senate bill introduced on March 10, 2025 in the 94th Legislature. The bill would require that any excess money remaining in the grain indemnity account be transferred to the agricultural emergency account. The bill is currently referred to the Senate Committee on Agriculture, Veterans, Broadband, and Rural Development. A House companion is HF 1428.

  • Bill Number: SF 2315
  • Title: Excess money in the grain indemnity account requirement to be transferred to the agricultural emergency account
  • Status: Referred to Agriculture, Veterans, Broadband, and Rural Development
  • Introduced: March 10, 2025
  • Legislative Action to Date:
    • 2025-03-10: Introduction and first reading
    • 2025-03-10: Referred to Agriculture, Veterans, Broadband, and Rural Development
  • Related Bill (Companion): HF 1428

Purpose and Intent

  • The bill’s core purpose is to redirect any funds deemed “excess” in the grain indemnity account to the agricultural emergency account. The intent appears to be reallocating surplus funds from one agricultural support fund to another that supports agricultural emergencies.

Key Provisions (as stated or implied)

  • A mandatory transfer mechanism: Any excess money in the grain indemnity account must be transferred to the agricultural emergency account.
  • Triggers and definitions (not specified in the provided summary): The bill would define what constitutes “excess” in the grain indemnity account and the process for transferring funds.
  • Administrative process: The bill would establish procedures for identifying excess funds, authorizing transfers, and updating account balances.
  • Governance and oversight: The bill may outline who administers the transfer and how the agricultural emergency account is funded and used going forward (not detailed in the provided material).

Affected Parties and Impacts

  • Primary beneficiaries: Agricultural sector stakeholders who rely on grain indemnity program funds and those who rely on the agricultural emergency account for potential droughts, pests, or other emergencies.
  • State financial operations: State funds from the grain indemnity account would be reduced by any excess funds, with a corresponding increase to the agricultural emergency account (subject to statutory definitions of “excess” and transfer mechanics).
  • Legislative oversight: The Senate committee handling agriculture and related topics will oversee the bill’s provisions and any resulting fiscal notes.

Procedural and Timeline Aspects

  • Introduction: March 10, 2025
  • First Reading: March 10, 2025
  • Referral: March 10, 2025 to the Senate Committee on Agriculture, Veterans, Broadband, and Rural Development
  • Next steps: The bill will be considered by the committee, possibly amended, and may advance to floor votes in the Senate. The House companion HF 1428 may progress in parallel.

Additional Context

  • The companion bill HF 1428 indicates cross-chamber interest in aligning grain indemnity funds with agricultural emergency funding.
  • No dollar amounts or specific transfer thresholds are provided in the summary; the fiscal impact would depend on the amount of “excess” funds identified under the bill’s definitions.

If you’d like, I can add a brief comparison with the House companion HF 1428 or draft a potential fiscal note outline based on typical practice for similar transfers.

Compiled from official sources — confirm details with the bill’s official record.

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