This bill establishes new accounting requirements for school districts in Minnesota regarding expenditures on advertising and event sponsorships. Specifically, it mandates that starting in fiscal year 2026, districts must separately account for spending on paid media advertisements and public event sponsorships. The bill defines "paid media advertisement" and "public event," clarifying what types of promotions fall under these categories. Additionally, the commissioner is required to modify the uniform financial accounting and reporting standards to align with these new requirements.

Furthermore, the bill stipulates that any paid media advertisement by a school district must clearly indicate that costs associated with tuition, technology, transportation, or other expenses are funded by taxpayer dollars, and cannot advertise these expenses as free. Charter schools are also subject to these requirements as if they were traditional school districts. Both sections of the bill are set to take effect on July 1, 2025.

Statutes affected:
Introduction: 123B.77