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HF 4506

as introduced - 91st Legislature (2019 - 2020) Posted on 03/16/2020 10:03am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13

A bill for an act
relating to agriculture; modifying Rural Finance Authority reporting requirements;
amending Minnesota Statutes 2018, section 41B.18, subdivision 6.

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

Section 1.

Minnesota Statutes 2018, section 41B.18, subdivision 6, is amended to read:


Subd. 6.

Report.

The authority shall submit deleted text begina biennial report ofdeleted text endnew text begin quarterly reports that
include
new text end its activities, projected activities, receipts, and expenditures deleted text beginfor the next bienniumdeleted text end,new text begin
and an estimate of when funding for the authority's bond-funded loan programs is projected
to be exhausted,
new text end to the governor and the deleted text beginlegislature on or before January 15 in each
odd-numbered year
deleted text endnew text begin legislative committees and divisions with jurisdiction over agriculture
and capital investment
new text end. The new text beginfinal quarterly new text endreport new text begineach year new text endmust include the distribution
of money under each authority program by countydeleted text begin. In addition, the report must includedeleted text endnew text begin andnew text end
the cost to the authority of the issuance of deleted text beginitsdeleted text end bonds for each issue deleted text beginin the bienniumdeleted text endnew text begin that yearnew text end.