Minnesota HF4840: Lease-purchase agreement and sale and issuance of certificates of participation authorized to fund improvements to or replacement of state's MAXIS system.

What the bill says

A bill for an act relating to capital investment; authorizing a lease-purchase agreement and the sale and issuance of certificates of participation to fund improvements to or replacement of the state's MAXIS system; proposing coding for new law in Minnesota Statutes, chapter 16A.

From the introduced text, March 27, 2026:

A bill for an act relating to capital investment; authorizing a lease-purchase agreement and the sale and issuance of certificates of participation to fund improvements to or replacement of the state's MAXIS system; proposing coding for new law in Minnesota Statutes, chapter 16A. Section 1. new text begin [ADDED: [16A.83] MAXIS IMPROVEMENTS LEASE-PURCHASE FINANCING.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Definitions.] new text end new text begin [ADDED: (a) For purposes of this section, the following terms have the meanings given.] new text end new text begin [ADDED: (b) "Lease-purchase agreement" means an agreement for the lease and installment purchase of the MAXIS project, or a portion of the project, between the commissioner, on behalf of the state, and a vendor or a third-party financing source.] new text end new text begin [ADDED: (c) "MAXIS lease-purchase guidelines" means policies, procedures, and requirements established by the commissioner for the MAXIS project that is financed pursuant to a lease-purchase agreement.] new text end new text begin [ADDED: (d) "MAXIS project" means the development, acquisition, installation, and implementation of a modernization plan or replacement of the state's MAXIS system.] new text end new text begin [ADDED: Subd. 2.] new text end new text begin [ADDED: Lease-purchase financing.] new text end new text begin …

Read the full official text

Sponsors

• Luke Frederick (D) · primary sponsor
• Fue Lee (D, 59A)
• Kim Hicks (D)
• Heather Keeler (D)
• Mohamud Noor (D)
• Peter Fischer (D)
• Matt Norris (D)
• Bianca Virnig (D)
• Brion Curran (D)
• Mary Franson (R)
• Huldah Momanyi-Hiltsley (D)
• Steve Gander (R)

Latest actions

1. April 9, 2026: Author added Hansen, R., and Lillie
2. April 7, 2026: Introduction and first reading, referred to Capital Investment

Common questions

What is HF4840?

HF4840 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Lease-purchase agreement and sale and issuance of certificates of participation authorized to fund improvements to or replacement of state's MAXIS system.

What does HF4840 do?

In its own words: A bill for an act relating to capital investment; authorizing a lease-purchase agreement and the sale and issuance of certificates of participation to fund improvements to or replacement of the state's MAXIS system; proposing coding for new law in Minnesota Statutes, chapter 16A.

What is the status of HF4840?

In committee as of April 9, 2026. Latest action: Author added Hansen, R., and Lillie (April 9, 2026).

Who sponsored HF4840?

Luke Frederick (D), with 11 co-sponsors.

Where is the official record for HF4840?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF4840&y=2025&ssn=0&b=house