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HF 166

as introduced - 89th Legislature (2015 - 2016) Posted on 01/14/2015 11:07am

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

Engrossments
Introduction Posted on 01/14/2015

Current Version - as introduced

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A bill for an act
 relating to legacy funds; requiring transfer of legacy funds to legislative auditor
for costs incurred; appropriating money; amending Minnesota Statutes 2014,
section 3.9741, subdivision 3.

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

Section 1.

Minnesota Statutes 2014, section 3.9741, subdivision 3, is amended to read:


Subd. 3.

Legacy funds.

The outdoor heritage fund, the clean water fund, the parks
and trails fund, and the arts and cultural heritage fund must deleted text begin eachdeleted text end reimburse deleted text begin the general
fund, in the manner prescribed in section 16A.127, for costs incurred bydeleted text end the legislative
auditornew text begin for the costs incurrednew text end in examining financial activities relating to each fund.new text begin At
the conclusion of an examination, the legislative auditor shall verify the costs of the
examination and the commissioner of management and budget shall transfer the amount
from the audited fund to the legislative auditor to recover the costs of the audit. The
amounts necessary for the transfer are appropriated from the legacy fund that was audited.
The legislative auditor may recommend a waiver, and the Legislative Audit Commission
may waive all or part of the cost for an audit of any one of the legacy funds.
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