Minnesota SF4982: Lease-purchase agreement and the sale and issuance of certificates of participation to fund improvements to or replacement of the state's MAXIS system authorization provision and appropriation

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

• Hemmingsen-Jaeger, Amanda H. (D, 47) · primary sponsor
• Erin Maye Quade (D)

Latest actions

1. April 20, 2026: Author added Maye Quade
2. April 7, 2026: Referred to Capital Investment
3. April 7, 2026: Introduction and first reading

Common questions

What is SF4982?

SF4982 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Lease-purchase agreement and the sale and issuance of certificates of participation to fund improvements to or replacement of the state's MAXIS system authorization provision and appropriation.

What does SF4982 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 SF4982?

In committee as of April 20, 2026. Latest action: Author added Maye Quade (April 20, 2026).

Who sponsored SF4982?

Hemmingsen-Jaeger, Amanda H. (D, 47), with 1 co-sponsor.

Where is the official record for SF4982?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4982&y=2025&ssn=0&b=senate