Bill > HF858

This bill modifies existing Minnesota law to require more comprehensive reporting from recipients of bioincentive payments (financial incentives for agricultural or bio-related projects). Currently, the commissioner of agriculture must submit an annual report on various incentive programs by January 15th. The bill expands the reporting requirements to include detailed information from each payment recipient, such as their business structure, parent company details, cumulative financial assistance received, job creation and retention goals, equity and wage goals, board and executive compensation, environmental permit compliance, intended and actual use of payments, and, when applicable, their latest financial audit statement. These new reporting requirements aim to increase transparency and accountability for businesses receiving state agricultural incentive payments by providing legislators with a more comprehensive view of how these funds are being used, what economic and employment impacts they are having, and ensuring compliance with various standards and goals.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0858&ssn=0&y=2025