16C.066 Cost-benefit analysis.
(a) The commissioner or an agency official to whom the commissioner has delegated duties under section 16C.03, subdivision 16, may not approve a contract or purchase of goods or services for transit or other transportation purposes in an amount greater than $10,000,000 unless a cost-benefit analysis has been completed and shows a positive benefit to the public. The Management Analysis Division must perform or direct the performance of the analysis. A cost-benefit analysis must be performed for a project if an aggregation of contracts or purchases for a project exceeds $10,000,000.
(b) All cost-benefit analysis documents under this section, including preliminary drafts and notes, are public data.
(c) This section applies to contracts for goods or services that are expected to have a useful life of more than three years. This section does not apply for purchase of goods or services for response to a natural disaster if an emergency has been declared by the governor.
(d) This section expires June 30, 2003.
HIST: 1Sp2001 c 10 art 2 s 41
Official Publication of the State of Minnesota
Revisor of Statutes