This bill aims to prohibit municipalities in Minnesota from entering into nondisclosure agreements that restrict their ability to disclose information to the public regarding certain activities. Specifically, it defines "municipality" to include various political subdivisions and outlines that these restrictions do not apply to municipal power agencies or specific city actions. The bill establishes that municipalities cannot enter into agreements that prevent them from sharing information about land development, economic development projects, or any projects financed with public tax revenues.

Furthermore, any agreement that violates this prohibition is deemed void and unenforceable, and municipalities are required to publicly disclose any such contracts. The bill also includes provisions for severing unenforceable terms from contracts while maintaining the validity of the remaining provisions. This legislation is set to take effect the day after final enactment and will apply to agreements made, renewed, or extended thereafter.