1.1 	A bill for an act
1.2 	relating to Hennepin County; modifying requirements for financial statements 
1.3 	and audits;amending Minnesota Statutes 2010, section 383B.119, subdivisions 
1.4 	1, 3.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2010, section 383B.119, subdivision 1, is amended to 
1.7 	read:
1.8 		Subdivision 1.Financial statements. Annually In accordance of the provisions 
1.9 	of section 375.17, subdivision 1, the board of commissioners shall cause to be prepared 
1.10 	a financial report, including financial statements for all of the funds of the county of 
1.11 	Hennepin prepared in accordance with generally accepted accounting principles.

1.12 	Sec. 2. Minnesota Statutes 2010, section 383B.119, subdivision 3, is amended to read:
1.13 		Subd. 3.Publication and distribution. The board of commissioners shall publish 
1.14 	the annual financial statements in accordance with the requirements of section 375.17.
1.15 	Notwithstanding the requirements of section 375.17, subdivision 3, the board shall publish 
1.16 	annual financial statements in a qualified newspaper of general circulation in the county 
1.17 	or on the county's Web site. If the county posts the financial statement on the county's 
1.18 	Web site, it must be easily identifiable to the general public and the county must maintain 
1.19 	it there for at least 12 months from the date of the initial posting or until a more recent 
1.20 	financial statement is published on the Web site. The annual audited financial statements 
1.21 	shall be made available for public inspection upon request.