Minnesota Legislature
HF 2150
as introduced - 89th Legislature (2015 - 2016) Posted on 04/07/2015 11:10am
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.