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2006 Minnesota Statutes

This is a historical version of this statute section. Also view the most recent published version.

116O.15 ANNUAL REPORT.
The board shall submit a report to the chairs of the senate Economic Development and
Housing and the house Economic Development Committees of the legislature and the governor
on the activities of the corporation by February 1 of each year. A copy of the report shall also
be provided to the president of the University of Minnesota. The report must include at least
the following:
(1) a description of each of the programs that the corporation has provided or undertaken
at some time during the previous year. The description of each program must describe (i)
the statement of purpose for the program, (ii) the administration of the program including the
activities the corporation was responsible for and the responsibilities that other organizations
had in administering the program, (iii) the results of the program including how the results
were measured, (iv) the expenses of the program paid by the corporation, and (v) the source of
corporate and noncorporate funding for the program;
(2) an identification of the sources of funding in the previous year for the corporation and
its programs including federal, state and local government, foundations, gifts, donations, fees,
and all other sources;
(3) a description of the distribution of all money spent by the corporation in the previous
year including an identification of the total expenditures, other than corporate administrative
expenditures, by sector of the economy;
(4) a description of the administrative expenses of the corporation during the previous year;
(5) a listing of the assets and liabilities of the corporation at the end of the previous fiscal year;
(6) a list and description of each grant awarded by the corporation during the previous year;
(7) a description of any changes made to the operational plan during the previous year; and
(8) a description of any newly adopted or significant changes to bylaws, programmatic
or administrative guidelines, policies, rules, or eligibility criteria for programs created or
administered by the corporation during the previous year.
Reports must be made to the legislature as required by section 3.195.
History: 1987 c 386 art 2 s 15; 1989 c 335 art 1 s 176; 1993 c 363 s 5

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