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HF 2150

as introduced - 89th Legislature (2015 - 2016) Posted on 04/07/2015 11:10am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to economic development; revising contents of a required cost-of-living
study; amending Minnesota Statutes 2014, section 116J.013.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 116J.013, is amended to read:


116J.013 COST-OF-LIVING STUDY; ANNUAL REPORT.

(a) The commissioner shall conduct an annual cost-of-living study in Minnesota.
The study shall include:

(1) a calculation of the statewide basic needs cost of living, new text begin including reasonable
retirement and long-term care savings,
new text end adjusted for family size;

(2) a calculation of the basic needs cost of living,new text begin including reasonable retirement
and long-term care savings,
new text end adjusted for family size, for each county;

(3) an analysis of statewide and county cost-of-living data, employment data, and
job vacancy data; and

(4) recommendations to aid in the assessment of employment and economic
development planning needs throughout the state.

(b) The commissioner shall report on the cost-of-living study and recommendations
by February 1 of each year to the governor and to the chairs of the standing committees
of the house of representatives and the senate having jurisdiction over employment and
economic development issues.