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, providing detailed information on production and incentive expenditures related to the incentive programs.

Additionally, the bill requires that the commissioner obtain specific information from each producer receiving payments during the reporting period. This includes details about the producer's business structure, parent company, financial assistance received, job creation goals, 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 changes aim to increase transparency and accountability in the use of bioincentive funds.

Statutes affected:
Introduction: 41A.19