MN SF5499

Requires state agencies administering grant programs to separately account for any administrative costs retained from grant appropriations in the accounting system under Minnesota Statutes section 16A.15.

Mandates annual reporting by February 1 to senate finance committee chairs, house ways and means committee chairs, ranking minority members, and relevant appropriations committees on grant administration costs retained by each agency.

Each grant program report must include the grant's purpose and governing law, total appropriated amount, amount retained for administration, total spent administering the grant with funding sources, and itemized explanation of how administrative funds were spent.

Effective July 1, 2024.