MN HF3001

Commissioner must disclose to the legislative auditor within ten days any situation that could potentially subject the state or state agency to a federal penalty related to purchase or sale of state bonds.

Payment of federal penalties related to state bond purchases or sales must be made from department general operations funds, or from contingent account appropriations if approved under section 3.30.

Commissioner must disclose to the legislative auditor and chairs and ranking minority members of relevant legislative committees (Ways and Means, Finance, and capital investment committees) within ten days of any actual penalty payment to the federal government.