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SF 5224

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/26/2024 09:06am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to economic development; requiring consultation and reports on grants
that exceed a certain dollar threshold; amending Minnesota Statutes 2022, section
116L.98, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2022, section 116L.98, is amended by adding a subdivision
to read:


new text begin Subd. 8. new text end

new text begin Requirements for grants exceeding a certain dollar threshold. new text end

new text begin (a) Before
issuing any economic development or workforce development grant of $500,000 or more,
and before implementing any new grant program, the commissioner must submit draft
measurements to the commissioner of management and budget and consult with the
commissioner of management and budget on those measurements. The consultation required
under this section must be completed within 30 days after the consultation is requested.
After consultation, the commissioner must incorporate measurements agreed upon through
consultation with the commissioner of management and budget into grant applications,
requests for proposals, and contracts.
 new text end

new text begin (b) In addition to any other reporting requirements that apply to grants, grant programs,
or any individually specified pass-through grants, the commissioner must report separately
to the legislature regarding grants of $500,000 or more, including a summary of how grant
funds were used. The report must incorporate the measurements agreed upon through
consultation with the commissioner of management and budget under paragraph (a). If grant
funds are allowed to be used for longer than one year, the commissioner must issue annual
interim reports about the progress of the grant, including how much of the grant funds
remain unspent. A final report must be submitted to the legislature within 90 days of the
expiration of the grant.
 new text end

new text begin (c) As a condition of receiving a grant, a grantee must agree to provide the commissioner
any information needed to complete the report required in paragraph (b).
 new text end