The bill amends Minnesota Statutes 2024, section 15.72, by adding a new subdivision focused on payment transparency in public contracts. It requires public contracting agencies to provide detailed payment information to contractors or subcontractors upon written request. This information must include the amount of the payment, the date it was made or approved, and a copy of the payment application submitted by the contractor. For highway construction contracts, an estimate or voucher generated by the agency can fulfill this requirement. The public contracting agency is mandated to respond to such requests within seven calendar days.

Additionally, the bill stipulates that public contracting agencies must make their contact information available to subcontractors for payment inquiries and post this information on their websites if applicable. It also prohibits charging any fees to contractors or subcontractors for the information provided under this section. These measures aim to enhance transparency and accountability in public contracting processes.

Statutes affected:
Introduction: 15.72, 337.10
1st Engrossment: 15.72, 337.10
2nd Engrossment: 15.72