---
type: "Bill"
title: "Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed."
description: "Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed."
jurisdiction: "us/states/mn"
legislature: "Minnesota Legislature"
session: "2025-2026"
identifier: "HF 3900"
citation: "Minnesota HF 3900 (2025-2026)"
classification: ["bill"]
subjects: ["Constitutional Amendments", "Education and Education Department", "Governmental Operations-State"]
status: "enacted"
primary_sponsors: ["Igo"]
version_count: 6
action_count: 49
vote_count: 2
first_action: "2026-03-02"
last_action: "2026-05-26"
source: "openstates"
source_identifier: "ocd-bill/f4ae89d4-b839-4c2e-b532-a35bcf235630"
source_url: "https://www.revisor.mn.gov/bills/94/2026/0/HF/3900?list=open&body=House"
source_hash: "3da546de6a0d87ed535081d80afb5712d1dfada80d79d8325ad5ae95ccea509b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mn"]
---

# Minnesota HF 3900 (2025-2026) — Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **1st Engrossment** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/1/)
2. **1st Unofficial Engrossment** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/ue/1/)
3. **2nd Engrossment** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/2/)
4. **3rd Engrossment** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/3/)
5. **CCR-HF3900** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/ccr/0/)
6. **Introduction** (committee substitute) — [source](https://www.revisor.mn.gov/bills/94/2026/0/HF/3900/versions/0/)

## Votes

- Repassage, as amended by the Conference — **134–0** (pass) · lower
- Passage, as amended — **133–0** (pass) · lower

## Sponsors

- Igo — primary (person)
- Bakeberg — cosponsor (person)
- Bennett — cosponsor (person)
- Burkel — cosponsor (person)
- Clardy — cosponsor (person)
- Davids — cosponsor (person)
- Gander — cosponsor (person)
- Greene — cosponsor (person)
- Hansen, R. — cosponsor (person)
- Harder — cosponsor (person)
- Kresha — cosponsor (person)
- Kunesh — cosponsor (person)
- Mueller — cosponsor (person)
- Myers — cosponsor (person)
- O'Driscoll — cosponsor (person)
- Rehm — cosponsor (person)
- Skraba — cosponsor (person)
- Swedzinski — cosponsor (person)
- Virnig — cosponsor (person)
- Warwas — cosponsor (person)
- Youakim — cosponsor (person)
- Zeleznikar — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-03-02** Introduction and first reading, referred to Education Finance `introduction, referral-committee`
- **2026-03-05** Author added Bennett
- **2026-03-12** Author added Warwas
- **2026-03-16** Author added Mueller
- **2026-03-18** Committee report, to adopt as amended and re-refer to Rules and Legislative Administration `committee-passage`
- **2026-03-18** Authors added Virnig, Zeleznikar, and Greene
- **2026-03-23** Author added Myers
- **2026-04-07** Authors added Burkel and Skraba
- **2026-04-09** Author added Gander
- **2026-04-20** Committee report, to adopt `committee-passage`
- **2026-04-20** Second reading `reading-2`
- **2026-04-30** House rule 1.21, placed on Calendar for the Day Monday, May 4, 2026
- **2026-05-04** Amended `amendment-passage`
- **2026-05-04** Third reading as amended `reading-3`
- **2026-05-04** Bill was passed as amended `passage`
- **2026-05-05** Authors added Hansen, R., and Davids
- **2026-05-11** Returned from Senate with amendment
- **2026-05-11** House refuses to concur, conference committee of 4 requested
- **2026-05-11** House conferees Igo, O'Driscoll, Long, and Youakim
- **2026-05-12** Senate accedes, conference committee of 4 be appointed
- **2026-05-12** Senate conferees Kunesh, Hemmingsen-Jaeger, Cwodzinski, and Farnsworth
- **2026-05-16** Conference committee report
- **2026-05-16** House adopted conference committee report
- **2026-05-16** Third reading as amended by Conference `reading-3`
- **2026-05-16** Bill was repassed as amended by Conference
- **2026-05-16** Senate adopted conference committee report, bill repassed
- **2026-05-20** Presented to Governor 05/20/2026 `executive-receipt`
- **2026-05-26** Governor approval 05/26/2026 `executive-signature`
- **2026-05-26** Secretary of State, Filed 05/26/2026
- **2026-05-05** Received from House `introduction`
- **2026-05-05** Introduction and first reading `introduction`
- **2026-05-05** Referred to Rules and Administration for comparison with SF3593, now on General Orders `referral-committee`
- **2026-05-06** Comm report: Rule 45-amend, subst. General Orders SF3593
- **2026-05-06** Second reading `reading-2`
- **2026-05-07** Special Order: Rule 45 amendment stricken
- **2026-05-07** Amended `amendment-passage`
- **2026-05-07** Third reading Passed as amended `passage`
- **2026-05-12** House not concur, conference committee requested
- **2026-05-12** House conferees Igo; O'Driscoll; Long; Youakim
- **2026-05-12** Senate accedes, CC be appointed
- **2026-05-12** Senate conferees Kunesh; Hemmingsen-Jaeger; Cwodzinski; Farnsworth
- **2026-05-16** House adopted HCC report and repassed bill
- **2026-05-16** Conference committee report
- **2026-05-16** Motion to reject CC report, did not prevail
- **2026-05-16** Senate adopted CC report and repassed bill
- **2026-05-16** Third Reading Repassed
- **2026-05-20** Presentment date 05/20/26
- **2026-05-26** Governor's action Approval 05/26/26 `executive-signature`
- **2026-05-26** Secretary of State Chapter 114 05/26/26

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f4ae89d4-b839-4c2e-b532-a35bcf235630`. Confidence: reported (aggregated from official Minnesota legislature records).