The bill (S.F. No. 1990) proposes new financial disclosure requirements and employment restrictions for Minnesota state legislators and legislative staff related to entities seeking state funding.

Key Provisions:

1. Financial Disclosure by Legislators

   • Legislators must report if they or their family members receive compensation from an entity seeking state funding through a grant related to pending legislation.
     
   • The disclosure must be made within five days of the bill's introduction and before any legislative action is taken.
     
   • Reports must be submitted to designated legislative staff, who will notify relevant committee members and publicly post the disclosures on the legislative website.

2. Restrictions on Legislative Staff Employment

   • Legislative employees (house, senate, or joint offices) are prohibited from accepting compensation from entities seeking state funding via bills or grants.
     
   • Violations can result in disciplinary action, including dismissal.
     

3. Relation to Existing Laws

   • The bill adds to existing financial disclosure and conflict-of-interest laws under Minnesota statutes (Sections 10A.07, 10A.08, and 10A.09).
     

Purpose of the Bill:

• To improve transparency in state government by requiring legislators to disclose financial ties to entities seeking state funds.
  
• To prevent conflicts of interest for legislative staff by prohibiting them from being paid by entities that request state funding.