HF 4462

2nd Engrossment - 94th Legislature (2025 - 2026)

Posted on 05/05/2026 09:39 a.m.

A bill for an act
relating to state government; authorizing the rounding of a payment or transfer of
cash; requiring the commissioner to provide a standard template summary page
for requests for proposals; amending Minnesota Statutes 2024, section 16B.97,
subdivision 4; proposing coding for new law in Minnesota Statutes, chapter 16A.

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

Section 1.

new text begin [16A.402] CASH TRANSACTION ROUNDING.
new text end

new text begin Subdivision 1. new text end

new text begin Authorization to round cash transactions. new text end

new text begin (a) Notwithstanding any
other provision of law, an agency entering into any transaction with a person that results in
a payment or transfer of cash between the parties to the transaction may round the payment
in the following manner:
new text end

new text begin (1) in any case in which the total transaction amount ends with one cent, two cents, six
cents, or seven cents as the final digit, the amount of cents in the sum shall be rounded down
to the nearest amount divisible by five;
new text end

new text begin (2) in any case in which the total transaction amount ends with three cents, four cents,
eight cents, or nine cents as the final digit, the amount of cents in the sum shall be rounded
up to the nearest amount divisible by five; and
new text end

new text begin (3) notwithstanding clause (1), transactions in which the transaction total is $0.01 or
$0.02 shall be rounded up to $0.05.
new text end

new text begin (b) A party authorized to engage in a transaction on behalf of an agency may round the
payment in the manner directed by the agency consistent with this section.
new text end

new text begin (c) This section does not apply to a transaction for which payment is made by electronic
fund transfer, check, gift card, money order, credit card, or other similar instrument or
method.
new text end

new text begin Subd. 2. new text end

new text begin Policy posted. new text end

new text begin An agency that engages in cash transactions must establish a
policy for rounding cash transactions consistent with this section and post the policy at each
location where cash transactions occur.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 2.

Minnesota Statutes 2024, section 16B.97, subdivision 4, is amended to read:

Subd. 4.

Duties.

(a) The commissioner shall:

(1) create general grants management policies and procedures that are applicable to all
executive agencies. The commissioner may approve exceptions to these policies and
procedures for particular grant programs. Exceptions shall expire or be renewed after five
years. new text begin The commissioner must report each approved exception to the chairs and ranking
minority members of the legislative committees with jurisdiction over the agency. new text end Executive
agencies shall retain management of individual grants programs;

(2) provide a central point of contact concerning statewide grants management policies
and procedures;

(3) serve as a resource to executive agencies in such areas as training, evaluation,
collaboration, and best practices in grants management;

(4) ensure grants management needs are considered in the development, upgrade, and
use of statewide administrative systems and leverage existing technology wherever possible;

(5) oversee and approve future professional and technical service contracts and other
information technology spending related to executive agency grants management systems
and activities;

(6) provide a central point of contact for comments about executive agencies violating
statewide grants governance policies and about fraud and deleted text begin waste deleted text end new text begin misuse new text end in grants processes;

(7) forward received comments to the appropriate agency for further action, and may
follow up as necessary;

(8) provide a single listing of all available executive agency competitive grant
opportunities and resulting grant recipients;

(9) selectively review development and implementation of executive agency grants,
policies, and practices; deleted text begin and
deleted text end

(10) selectively review executive agency compliance with best practices deleted text begin . deleted text end new text begin ; and
new text end

new text begin (11) provide a standard template summary page for requests for proposals (RFP) that
represent key information about the grant opportunity in a clear and accessible format. The
template must include information regarding the purpose of the program, applicant eligibility,
funding availability and award structure, grant administration requirements, and the
application process. The summary page does not replace or supersede any specific
requirement in the full RFP.
new text end

(b) The commissioner may determine that it is cost-effective for agencies to develop
and use shared grants management technology systems. This system would be governed
under section 16E.01, subdivision 3, paragraph (b).