AI Generated Summary
This Minnesota bill proposes an amendment to Minnesota Statutes 2024, section 16D.09, subdivision 1, regarding the reporting of uncollectible state debts. The key change is to shift the deadline for the annual summary report of uncollectible debts from October 31 to November 30 each year.
Uncollectible debts are those that meet criteria such as exhausting all reasonable collection efforts, having a collection cost that exceeds recoverable amounts, being legally unsubstantiated, or being subject to expired statutes of limitations. Agencies must report such debts quarterly to the Commissioner of Management and Budget. Additionally, if an uncollectible debt equals or exceeds $100,000, the agency must notify the chairs and ranking minority members of the relevant legislative committees.
This bill does not eliminate the underlying debt obligation but adjusts the reporting schedule for transparency and oversight purposes.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 02, 2025 | House | Floor | Action | Introduction and first reading, referred to | State Government Finance and Policy |
| March 02, 2025 | House | Floor | Action | Introduction and first reading, referred to | State Government Finance and Policy |
Citations
[
{
"analysis": {
"added": [
"Requirement for state agencies to notify legislative committees about large debts deemed uncollectible."
],
"removed": [
""
],
"summary": "This bill modifies the procedure for reporting uncollectible debts by state agencies under section 16D.09.",
"modified": [
"Changes the date by which the commissioner of management and budget must report the annual summary of uncollectible debts from October 31 to November 30."
]
},
"citation": "16D.09",
"subdivision": "subdivision 1"
}
]