SF 601

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 09:06am

A bill for an act
relating to state government; requiring an analysis of demographic trends with
forecast of state revenue and expenditures; amending Minnesota Statutes 2010,
section 16A.103, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 16A.103, is amended by adding a
subdivision to read:

new text begin Subd. 5. new text end

new text begin Demographic trends analysis. new text end

new text begin The commissioner shall include with the
forecast required by this section an analysis of projected state demographic changes and
their anticipated impacts on state and local revenues and expenditures for five and ten
years beyond the forecast period under subdivision 1g. The state demographer and state
economist shall assist the commissioner in preparing the analysis, which must include the
data and assumptions on which the projections are based.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue forecasts prepared
beginning in 2012.
new text end