Bill > HF3093

This bill modifies Minnesota state law to require recipients of state loans and grants over $50,000 to submit a signed statement certifying they meet certain minimum responsible contractor requirements. Specifically, for loans of $50,000 or more, applicants must provide an oath stating they meet the minimum requirements outlined in section 16C.285, subdivision 3. For grants of $50,000 or more, agencies must now conduct a pre-award risk assessment that includes reviewing the potential grantee's financial information, performance history, and requiring a signed statement confirming they meet the minimum responsible contractor requirements. The bill allows the commissioner of management and budget to delegate these verification duties to other state agencies through interagency agreements. The changes aim to ensure that state funds are awarded to organizations with demonstrated financial stability, good standing, and compliance with basic performance standards. By adding these requirements, the bill seeks to enhance accountability and reduce financial risk when distributing state loans and grants.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3093&ssn=0&y=2025