HF2800

Purpose of the Bill

The bill aims to provide financial relief to the city of Alpha by forgiving a penalty that resulted in withholding their local government aid for the year 2023.

Main Provisions

• Aid Payment for 2023: The bill allows the city of Alpha to receive its aid payment for the year 2023, which had previously been withheld due to not meeting certain requirements.
• Certification Requirement: The state auditor must certify that the city of Alpha submitted its annual financial reporting form for the year 2022 by June 1, 2025.
• Payment Timeline and Amount: Once certified, the commissioner of revenue is required to make a payment of $18,472 to the city of Alpha by June 30, 2025.
• Funding Source: The required amount for this payment will be appropriated from the general fund in fiscal year 2025. This is specified as a one-time appropriation.

Significant Changes to Existing Law

• The bill provides an exception to the existing Minnesota Statutes section 477A.017 subdivision 3, allowing the city of Alpha to receive aid despite previous penalties.

Relevant Terms

local government aid, penalty forgiveness, city of Alpha, financial reporting, state auditor, commissioner of revenue, general fund, one-time appropriation