Modifies the sales threshold for municipal liquor stores to require audited financial statements submission to the state auditor.
This bill amends the threshold for municipal liquor stores in Minnesota to require audited financial statements submission to the state auditor. Specifically, it changes the sales threshold from $350,000 to $500,000. Any city operating a municipal liquor store with annual sales exceeding $500,000 must submit audited financial statements within 180 days after the fiscal year's close, with possible extensions by the state auditor.
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