MN HF1694

Legislative auditor must annually submit a list of three to five general incentives to the Legislative Audit Commission for potential review, considering cost to state and local governments, expiration dates, and need for regular information on major incentives.

Legislative Audit Commission will select at least one general incentive annually for the legislative auditor to evaluate and report on according to evaluation plans established by February 1, 2016.

Legislative auditor must complete an analysis of best practices for exclusive incentives at least once every four years.

Commissioner of Management and Budget must submit a report with the governor's budget identifying each evaluated general incentive and recommend whether it should be continued, modified, or replaced with other strategies.

Funds are appropriated from the general fund to the Office of the Legislative Auditor for fiscal years 2016 and 2017 to implement these evaluation requirements.