The bill amends Minnesota Statutes 2024, section 41A.19, to enhance reporting requirements for recipients of bioincentive payments. It mandates that by January 15 each year, the commissioner must report to the legislative committees overseeing environment policy and finance, including detailed information on production and incentive expenditures related to the incentive programs.

Additionally, the bill specifies that the commissioner must require each producer receiving payments to provide comprehensive information, including their business structure, parent company details, a cumulative list of financial assistance received, job creation goals and progress, equity hiring goals, wage goals, board member and executive compensation, compliance with environmental permits, intended and actual use of payments, and, if applicable, the latest financial audit opinion statement from a certified public accountant. These requirements aim to ensure greater transparency and accountability in the use of bioincentive funds.

Statutes affected:
Introduction: 41A.19