.................... moves to amend H.F. No. 573 as follows:
Page 2, line 32, delete "four
" and insert "seven
Page 2, line 33, delete everything after "Association
Page 2, delete line 34
Page 2, line 35, delete everything before the period
Page 3, line 3, delete ", Local
Page 3, line 4, delete "Council 5
Page 5, after line 33, insert:
"Sec. 6. Minnesota Statutes 2012, section 43A.316, is amended by adding a subdivision
1.11 Subd. 13. Startup funding; administration of ongoing revenues and expenses.
1.12(a) The commissioner of Minnesota Management and Budget shall use funds available in
1.13the insurance trust fund under section 43A.316, subdivision 9, in the form of temporary
1.14funding to pay for the administrative startup costs and reserves necessary under this act.
1.15In addition to the amounts of temporary funding, the commissioner shall determine the
1.16amount of interest lost to the insurance trust fund as a result of the temporary funding.
1.17(b) The commissioner of Minnesota Management of Budget shall impose an
1.18enrollment fee upon the premium charged for the first three months of coverage under the
1.19school employee insurance program created in this act sufficient to repay to the insurance
1.20trust fund the loans provided to cover the startup costs incurred by the commissioner
1.21under paragraph (a), plus foregone interest to the insurance trust fund, as determined
1.22under paragraph (a). The commissioner shall deposit the enrollment fees in the insurance
1.24(c) All costs incurred and revenue received by the commissioner of Minnesota
1.25Management and Budget under this act in addition to those dealt with in paragraphs (a) and
1.26(b), shall on an ongoing basis be deposited into and paid out of the insurance trust fund.
Amend the title accordingly