Minnesota § 477A.017 UNIFORM FINANCIAL ACCOUNTING AND REPORTING SYSTEM

Minnesota Statutes

§ 477A.017 — UNIFORM FINANCIAL ACCOUNTING AND REPORTING SYSTEM

Minnesota § 477A.017

PartPUBLIC DEBT; LOCAL GOVERNMENT AID

Ch. 477ALOCAL GOVERNMENT AID

This text of Minnesota § 477A.017 (UNIFORM FINANCIAL ACCOUNTING AND REPORTING SYSTEM) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 477A.017 (2026).

Text

Subdivision 1.Purpose. Sections477A.011to477A.03are designed to provide property tax relief to local units of government. In order for the legislature to determine the amounts of relief necessary each year, the legislature must have uniform and current financial information from the governmental units which receive aid distributions. This section is intended to provide that information. Subd. 2.State auditor's duties. The state auditor shall prescribe uniform financial accounting and reporting standards in conformity with national standards to be applicable to cities and towns of more than 2,500 population and uniform reporting standards to be applicable to cities of less than 2,500 population. Subd. 3.Conformity.

(a)Other law to the contrary notwithstanding, in order to receive distri

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Purpose.
Sections477A.011to477A.03are designed to provide property tax relief to local units of government. In order for the legislature to determine the amounts of relief necessary each year, the legislature must have uniform and current financial information from the governmental units which receive aid distributions. This section is intended to provide that information.

Subd. 2.State auditor's duties.
The state auditor shall prescribe uniform financial accounting and reporting standards in conformity with national standards to be applicable to cities and towns of more than 2,500 population and uniform reporting standards to be applicable to cities of less than 2,500 population.

Subd. 3.Conformity.
(a) Other law to the contrary notwithstanding, in order to receive distributions under sections477A.011to477A.03, or a special district aid program, counties, cities, towns, and special districts, must conform to the standards set in subdivision 2 in making all financial reports required to be made to the state auditor.
(b) For the purpose of this subdivision, "special district" has the meaning under section6.465, subdivision 3.