1.1 	A bill for an act
1.2 	relating to state government; requiring public value impact statements for certain 
1.3 	legislation;proposing coding for new law in Minnesota Statutes, chapter 3.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. [3.99] PUBLIC VALUE IMPACT STATEMENT.
1.6 	(a) If proposed legislation would result in a different level of public spending, 
1.7 	different financial obligations on a unit of local government, or different regulatory 
1.8 	burdens on the private sector, the house of representatives and senate chief authors of the 
1.9 	legislation must each write a written public value impact statement for the bill. A public 
1.10 	value impact statement is the chief author's summary of why the author believes the 
1.11 	changes in spending, financial obligations imposed on a unit of local government, or 
1.12 	regulatory burdens are cost-beneficial. A public value impact statement is not required 
1.13 	for an omnibus finance or revenue bill, or for a bill that the chief author states has been 
1.14 	introduced at the request of the governor or an executive branch agency. 
1.15 	(b) A public value impact statement must include a statement of the expected 
1.16 	outcomes of the bill and how performance of these outcomes can be measured or 
1.17 	evaluated. A public value impact statement must also include, but is not limited to, the 
1.18 	following other items, unless the chief author specifies on the statement that an item is 
1.19 	not applicable to the legislation:
1.20 	(1) the anticipated costs, benefits, and other measurable effects of the bill to 
1.21 	Minnesota's economy;
1.22 	(2) the anticipated effects of the bill on the elderly, persons with disabilities, and 
1.23 	Minnesota citizens living in poverty;
2.1 	(3) assumptions regarding the regulatory benefits and burdens of the bill, and why 
2.2 	the author believes the benefits outweigh the burdens; and
2.3 	(4) justification for different financial obligations to be imposed on units of local 
2.4 	government.
2.5 	(c) The public value impact statement for a bill must be prepared and made available 
2.6 	in the senate prior to the bill receiving its first committee hearing in the senate, and in 
2.7 	the house of representatives prior to the bill receiving its first committee hearing in the 
2.8 	house of representatives.
2.9 	(d) The house of representatives and the senate must each adopt rules specifying a 
2.10 	process under which public value impact statements will be considered by committees 
2.11 	considering bills for which a public value impact statement is required. A public value 
2.12 	impact statement must be maintained with official records of house of representatives 
2.13 	and senate committees.