Bill > SF3475

This bill requires recipients of state loans or grants of $50,000 or more to submit a signed, sworn statement certifying they meet certain "responsible contractor" minimum requirements. Specifically, the bill amends two existing statutes to mandate that when state agencies are considering awarding loans or grants, applicants must provide documentation proving they meet specific standards. For loans, the commissioner of the relevant state agency must ensure applicants submit an oath certifying they meet the minimum requirements outlined in section 16C.285, subdivision 3. For grants, the bill adds a requirement that potential grantees include a similar sworn statement as part of their application materials. The bill also expands the pre-award risk assessment process for grants, requiring agencies to review additional financial information and certifications from potential grantees, including evidence of good standing, financial stability, and confirmation that no principals have been convicted of financial felonies in the past ten years. These changes aim to increase accountability and reduce risk when state agencies provide significant financial support to external organizations.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3475&ssn=0&y=2025