This bill mandates the collection and reporting of contractor data related to financing from the housing finance agency in Minnesota. Specifically, it requires the commissioner to gather information on contractor requirements for a certificate of compliance, as well as data on veteran-owned small businesses and LGBTQ-owned businesses, the latter defined as those certified by the National LGBT Chamber of Commerce.

Additionally, the bill stipulates that the commissioner must submit a report by February 1 of each even-numbered year to the relevant legislative committees. This report will detail the public data collected in the previous year, including the total number and dollar amount of contracts and subcontracts categorized by the specified business types.