Minnesota SF3475 applies responsible contractor requirements to recipients of state loans and grants over $50,000.

Minnesota SF3475 amends state statutes to apply responsible contractor requirements to recipients of state loans and grants over $50,000. This includes requiring applicants to submit a signed statement certifying they meet minimum requirements, financial statements, and evidence of good standing with the secretary of state. For-profit businesses must also provide federal tax returns, current financial statements, and certification that they are not under bankruptcy proceedings. Nonprofit organizations must submit their most recent Form 990 or Form 990-EZ.

Minnesota SF3475 applies responsible contractor requirements to recipients of state loans and grants over $50,000.

Minnesota SF3475 amends state statutes to apply responsible contractor requirements to recipients of state loans and grants over $50,000. This includes requiring applicants to submit a signed statement certifying they meet minimum requirements, financial statements, and evidence of good standing with the secretary of state. For-profit businesses must also provide federal tax returns, current financial statements, and certification that they are not under bankruptcy proceedings. Nonprofit organizations must submit their most recent Form 990 or Form 990-EZ.