Minnesota HF2537 increases fiscal safeguards for state grants to nonprofit organizations and requires reporting.

Minnesota HF2537 amends state statutes to enhance fiscal safeguards for state grants to nonprofit organizations. The bill mandates that grant agreements include an audit clause, subjecting the books, records, and accounting practices of grantees receiving over $500,000 to examination by the granting agency and either the legislative or state auditor for six years. It also requires organizations to report on the use of grant proceeds, program outcomes, and operating expenses.

Minnesota HF2537 increases fiscal safeguards for state grants to nonprofit organizations and requires reporting.

Minnesota HF2537 amends state statutes to enhance fiscal safeguards for state grants to nonprofit organizations. The bill mandates that grant agreements include an audit clause, subjecting the books, records, and accounting practices of grantees receiving over $500,000 to examination by the granting agency and either the legislative or state auditor for six years. It also requires organizations to report on the use of grant proceeds, program outcomes, and operating expenses.