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Minnesota Legislature
2015-2016 Regular Session

THIRTITH MEETING - Ways and Means

February 29, 2016

STATE OF MINNESOTA THIRTITH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-NINTH SESSION

WAYS AND MEANS COMITTEE
MINUTES

Representative Knoblach, Chair, of the Ways & Means Committee, began the meeting at 1:05 P.M., on February 29, 2016, in Room 200 of the State Office Building.

The Committee Legislative Assistants noted the roll.

Members present:


KNOBLACH, Jim, Chair
ALBRIGHT, Tony, VC
ANDERSON, Sarah
CARLSON, Lyndon
CORNISH, Tony
DEAN, Matt
DETTMER, Bob
DRAZKOWSKI, Steve
GUNTHER, Bob
HACKBARTH, Tom
KAHN, Phyllis
LIEBLING, Tina
LOON, Jenifer
MAHONEY, Tim
MURPHY, Mary
NORNES, Bud
PELOWSKI, Gene
TORKELSON, Paul
WAGENIUS, Jean



Members excused:

DAVIDS, Greg
GAROFALO, Pat
HAMILTON, Rod
HILSTROM, Debra
HORNSTEIN, Frank
McNAMARA, Denny
POPPE, Jean
URDAHL, Dean

Representative Knoblach began the meeting at 1:05 P.M. A quorum was not present.

Commissioner Myron Frans, Minnesota Department of Management and Budget testified on the IRS penalty in the debt service fund.

Representative Knoblach officially called the meeting to order at 1:15P.M. A quorum was present.

Representative Carlson moved approval of the minutes from May 16, 2015, June 5, 2015 and June 11, 2015. THE MOTION PREVAILED.

Mansco Perry III, Executive Director and Chief Investment Officer, Minnesota Board of Investments, James Nobles, Minnesota State Legislative Auditor and Cecile Ferkul, Deputy Minnesota Legislative Auditor testified on the IRS penalty in the debt service fund.

Representative Albright assumed the gavel at 2:25 P.M.

A presentation of the February forecast was given by Commissioner Myron Frans, Minnesota Department of Budget and Management, Laura Kalambokidis, Minnesota State Economist, and Margaret Kelly, Assistant Commissioner, Minnesota Department of Budget and Management.

The meeting was adjourned at 3:36 P.M.


Representative Jim Knoblach, Chair



Shirley Koderick, Committee Legislative Assistant
More Info On This Meeting..
Agenda:

1) MMB: State payment of IRS penalty 2) MMB: Presentation of the February Forecast Other items may be added

HTV Video Archive Available:
View Archive

04:05 - Gavel. 04:52 - Minnesota Management & Budget: State payment of IRS penalty. 1:23:41 - Minnesota Management & Budget: Presentation of the February Budget and Economic Forecast. Runs 2 hours, 23 minutes.