08:28 - Gavel. 09:06 - HF2922 (Thissen) Minneapolis Employees Retirement Fund; administrative functions transferred to the Public Employees Retirement Association, consolidation account created within the Public Employees Retirement Association, and money appropriated. 11:45 - Discussion of budget balancing plan. 1:38:05 - HF3834 (Carlson) Minnesota Management and Budget commissioner required to provide a cash flow forecast to the governor and legislature. The committee recessed. Runs 1 hour, 31 minutes.