The bill amends Minnesota Statutes to require the inclusion of the impacts of fraud in budget forecasts. Specifically, it modifies section 16A.103 by adding a new subdivision (1k) that mandates the forecast to estimate the budgetary impacts of fraud committed against state programs. Additionally, it updates subdivision 1a to ensure that the forecast addresses these budgetary impacts as required under the new subdivision.

Furthermore, the bill introduces a new subsection (1b) that outlines the consultation process for forecasting variables, including fraud impacts. It specifies that the commissioner must consult with relevant legislative committees and fiscal staff at least three weeks before the forecast release and inform them of any changes two weeks prior. This structured approach aims to enhance transparency and accountability in the budgeting process by explicitly considering the financial implications of fraud.

Statutes affected:
Introduction: 16A.103