Minnesota House Bill HF1809

Minnesota 2025-2026 Regular Session

• Introduced: 3/3/25
• Refer: 3/3/25

Caption

Date changed for debt report.

Impact

The proposed changes under HF1809 would impact how state agencies manage their financial accountability and transparency. By modifying the timeline for reporting uncollectible debts, the bill seeks to ensure that agencies provide updated and accurate fiscal information to the legislative committees overseeing their budgets. Agencies must maintain a documented basis for their decision to deem a debt uncollectible and report significant debts equaling or exceeding $100,000 to the relevant legislative leaders, fostering improved legislative oversight.

Summary

House File 1809 (HF1809) aims to amend Minnesota Statutes 2024 by changing the reporting date related to uncollectible debts determined by state agencies. The bill stipulates that when a state agency deems a debt uncollectible after exhausting reasonable collection efforts and determining that the cost of further collection exceeds the recoverable amount, the agency is allowed to write off this debt from its financial records. This process helps streamline the agency's accounting practices by reducing the burden of maintaining uncollectible receivables in financial reports.

Contention

While the text does not point to significant points of contention from the discussions available, it anticipates that the adjustment in reporting dates may elicit differing views on the adequacy of these regulations in ensuring fiscal responsibility. There could be concerns among legislators regarding the standard processes for determining collectibility and whether the new reporting timelines adequately protect public funds and enhance accountability. The amendment does not cancel the legal obligations for debt but rather adjusts how such debts are documented within state financials.