MN HF1961

Change board audits from discretionary ("may") to mandatory ("must") within available resources, with final audit reports identifying the primary employee responsible for conducting the audit.

Expand conflict of interest disclosure requirements to include the financial interests of an official's spouse and associated businesses of the official or spouse.

Add two new disclosure requirements to statements of economic interest: principal business/professional activity categories for businesses where the individual has 25% or more ownership and receives over $50 monthly, and categories for independent contractor compensation exceeding $2,500 in the past 12 months.

Use federal IRS Schedule C general topic headings for business/professional activity categories, with new categories only adoptable through legislation.

Classify all audit-related data as confidential until completion, when the final audit report becomes public and must include the subject's name, audit findings, their responses, and resolution details.