Establishes a federal funding protection trust fund to manage federal funds for Minnesota.

The bill establishes a federal funding protection trust fund to manage federal funds for Minnesota. It allows the conditional receipt and remittance of federal funds to prevent disruptions in state programs. The trust fund consists of federal funds, federal pass-through funds, interest earnings, and recipient protections. The commissioner of management and budget must submit quarterly reports to the legislature on the trust fund's status. The fund aims to ensure compliance with federal law while protecting state programs from fiscal instability.

Establishes a federal funding protection trust fund to manage federal funds for Minnesota.

The bill establishes a federal funding protection trust fund to manage federal funds for Minnesota. It allows the conditional receipt and remittance of federal funds to prevent disruptions in state programs. The trust fund consists of federal funds, federal pass-through funds, interest earnings, and recipient protections. The commissioner of management and budget must submit quarterly reports to the legislature on the trust fund's status. The fund aims to ensure compliance with federal law while protecting state programs from fiscal instability.