Minnesota SF3271 authorizes nonprofit public interest organizations to audit 340B entities and mandates 25% of 340B revenue for charity care.

Minnesota SF3271 introduces provisions for independent audits of 340B entities by nonprofit public interest organizations. These organizations, experienced in financial or legal reviews, must audit 340B entities to ensure compliance with state laws. 340B entities must cooperate with these audits, providing necessary data and documents. The bill also mandates that 25% of the 340B net revenue be used for charity care, excluding medical debt write-offs and community service. Enforcement of these provisions is authorized for the attorney general, alongside the commissioner.

Minnesota SF3271 authorizes nonprofit public interest organizations to audit 340B entities and mandates 25% of 340B revenue for charity care.

Minnesota SF3271 introduces provisions for independent audits of 340B entities by nonprofit public interest organizations. These organizations, experienced in financial or legal reviews, must audit 340B entities to ensure compliance with state laws. 340B entities must cooperate with these audits, providing necessary data and documents. The bill also mandates that 25% of the 340B net revenue be used for charity care, excluding medical debt write-offs and community service. Enforcement of these provisions is authorized for the attorney general, alongside the commissioner.