1.1 	A bill for an act
1.2 	relating to economic development; revising contents of a required cost-of-living 
1.3 	study; amending Minnesota Statutes 2014, section 116J.013.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2014, section 116J.013, is amended to read:
1.6 	116J.013 COST-OF-LIVING STUDY; ANNUAL REPORT.
1.7 	(a) The commissioner shall conduct an annual cost-of-living study in Minnesota. 
1.8 	The study shall include:
1.9 	(1) a calculation of the statewide basic needs cost of living, including reasonable 
1.10 	retirement and long-term care savings, adjusted for family size;
1.11 	(2) a calculation of the basic needs cost of living, including reasonable retirement 
1.12 	and long-term care savings, adjusted for family size, for each county;
1.13 	(3) an analysis of statewide and county cost-of-living data, employment data, and 
1.14 	job vacancy data; and
1.15 	(4) recommendations to aid in the assessment of employment and economic 
1.16 	development planning needs throughout the state.
1.17 	(b) The commissioner shall report on the cost-of-living study and recommendations 
1.18 	by February 1 of each year to the governor and to the chairs of the standing committees 
1.19 	of the house of representatives and the senate having jurisdiction over employment and 
1.20 	economic development issues.