Reporting thresholds increased, deadlines and filing periods clarified, conforming changes for local candidates made, and technical changes made.

This bill updates Minnesota's campaign finance and conflict of interest reporting rules for public officials and candidates. It increases reporting thresholds for certain financial disclosures and clarifies deadlines for filing statements of economic interest, requiring officials to report within 60 days of taking office or 14 days after election filing periods end for candidates. The legislation also expands conflict of interest protections to include officials in seven-county metropolitan areas and cities with over 50,000 residents, requiring them to disclose potential conflicts and recuse themselves from decisions affecting their financial interests. Additionally, the bill makes technical adjustments to how the Secretary of State and county auditors notify the campaign finance board about new candidates and officials who must file disclosure statements.