SF 5499

as introduced - 93rd Legislature (2023 - 2024) Posted on 05/02/2024 09:20am

A bill for an act
relating to state finances; implementing requirements for state agency grant
administration accounting; requiring reports; proposing coding for new law in
Minnesota Statutes, chapter 16B.

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

Section 1.

new text begin [16B.982] GRANT ADMINISTRATION ACCOUNTING; REPORTING.
new text end

new text begin Subdivision 1. new text end

new text begin Grant administration accounting. new text end

new text begin Any amount retained from an
appropriation for a grant by a state agency for administrative costs must be accounted for
separately in the accounting system required under section 16A.15.
new text end

new text begin Subd. 2. new text end

new text begin Grant administration reporting. new text end

new text begin Each agency that is administering a grant
program or acting as a fiscal agent for a grant must report by February 1 of each year to the
chairs and ranking minority members of the senate finance committee, house of
representatives ways and means committee, and the committee with jurisdiction over the
appropriation for the grant or grant program on the amount that the agency is retaining for
administration of the grant. For each grant program, the report must include the following
information:
new text end

new text begin (1) the purpose of the grant and applicable law governing the grant program;
new text end

new text begin (2) the total amount appropriated for the grant program;
new text end

new text begin (3) the amount retained by the agency from an appropriation for a grant program by a
state agency for administrative costs;
new text end

new text begin (4) the total amount spent to administer the grant program and the source of the funds;
and
new text end

new text begin (5) an explanation and itemization of how the funds were spent to administer the grant.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2024.
new text end