Minnesota legislation · 94th Legislature 2025-2026
Minnesota HF3900: Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed.
Status: Signed into law, May 16, 2026
What the bill says
A bill for an act relating to state government; proposing an amendment to the Minnesota Constitution, article XI, section 8; modifying the investment, management, and distribution policy for the permanent school fund; amending Minnesota Statutes 2024, sections 11A.16, subdivisions 5, 6; 127A.32.
From the engrossed text, May 17, 2026:
A bill for an act relating to state government; proposing an amendment to the Minnesota Constitution, article XI, section 8; modifying the investment, management, and distribution policy for the permanent school fund; amending Minnesota Statutes 2024, sections 11A.16, subdivisions 5, 6; 127A.32. Section 1. new text begin [ADDED: CONSTITUTIONAL AMENDMENT PROPOSED.] new text end new text begin [ADDED: An amendment to the Minnesota Constitution is proposed to the people. If the amendment is adopted, article XI, section 8, will read:] new text end Sec. 8. The permanent school fund of the state consists of (a) the proceeds of lands granted by the United States for the use of schools within each township, (b) the proceeds derived from swamp lands granted to the state, (c) all cash and investments credited to the permanent school fund and to the swamp land fund, and (d) all cash and investments credited to the internal improvement land fund and the lands therein. No portion of these lands shall be sold otherwise than at public sale, and in the manner provided by law. All funds arising from the sale or other disposition of the lands, or income accruing in any way before the sale or disposition thereof, shall be credited to the permanent school fund. Within limitations prescribed by law, the fund shall be invested deleted …
Sponsors
- Spencer Igo (R) · primary sponsor
- Cheryl Youakim (D)
- Tim O'Driscoll (R)
- Mary Frances Clardy (D, 53A)
- Ben Bakeberg (R)
- Lucy Rehm (D, 48B)
- Bobbie Harder (R)
- Ron Kresha (R)
- Chris Swedzinski (R)
- Peggy Bennett (R)
- Cal Warwas (R)
- Patricia Mueller (R)
Latest actions
- : Secretary of State, Filed
- : Governor approval
- : Presented to Governor
- : Third Reading Repassed vote: 43-24
- : Senate adopted CC report and repassed bill vote: 38-29
- : Motion to reject CC report, did not prevail vote: 33-34
- : House adopted HCC report and repassed bill
- : Senate adopted conference committee report, bill repassed
- : Bill was repassed as amended by Conference vote: 134-0
- : Third reading as amended by Conference
Votes
- Vote (May 16, 2026): 38 yea, 29 nay, passed
- the repassage of the bill, as amended by the Conference Committee (May 16, 2026): 43 yea, 24 nay, passed
- the adoption of the Lucero motion to reject the recommendations (May 16, 2026): 33 yea, 34 nay, failed
- CONFERENCE COMMITTEE REPORT - Repassage, as amended by the Conference (May 16, 2026): 134 yea, 0 nay, passed
- the passage of the bill, as amended (May 7, 2026): 59 yea, 8 nay, passed
- the adoption of the Duckworth (A-2) amendment (May 7, 2026): 34 yea, 33 nay, passed
Common questions
- What is HF3900?
- HF3900 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed.
- What does HF3900 do?
- In its own words: A bill for an act relating to state government; proposing an amendment to the Minnesota Constitution, article XI, section 8; modifying the investment, management, and distribution policy for the permanent school fund; amending Minnesota Statutes 2024, sections 11A.16, subdivisions 5, 6; 127A.32.
- What is the status of HF3900?
- Signed into law as of May 16, 2026. Latest action: Secretary of State, Filed (May 26, 2026).
- Who sponsored HF3900?
- Spencer Igo (R), with 11 co-sponsors.
- Where is the official record for HF3900?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF3900&y=2025&ssn=0&b=house
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.