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MN HF4506
Bill
Status
Introduced
3/16/2020
Primary Sponsor
Dean Urdahl
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AI Summary
- Changes Rural Finance Authority reporting from biennial reports to quarterly reports submitted to legislative committees and divisions with jurisdiction over agriculture and capital investment
- Removes the January 15 deadline for odd-numbered year reporting submissions
- Requires the final quarterly report each year to include distribution of money under each authority program by county
- Requires reports to include the cost to the authority of bond issuance for each issue that year, rather than for each issue in the biennium
- Maintains requirement for reports to include activities, projected activities, receipts, expenditures, and estimates of when bond-funded loan program funding will be exhausted
Legislative Description
Rural Finance Authority reporting requirements modified.
Last Action
Introduction and first reading, referred to Agriculture and Food Finance and Policy Division
3/16/2020
Committee Referrals
Agriculture and Food Finance & Policy3/16/2020
Full Bill Text
No bill text available