Bill > HF268

This bill modifies state law regarding the investment and use of transportation-related funds, establishing new restrictions on how local governments can use investment earnings from transportation revenue sources. Specifically, the bill defines "transportation revenue source" broadly to include state funds, grants, transportation-related taxes and fees, reserves, and financial obligations related to transportation. The key provision requires that any interest or investment earnings generated from these transportation revenue sources must be used exclusively for transportation purposes. The bill applies this requirement to local units of government and specifically to the metropolitan council in counties including Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. The legislation aims to ensure that funds intended for transportation infrastructure and services are not diverted to other uses by mandating that investment earnings remain within the transportation sector. The bill will take effect the day after final enactment, providing immediate guidance for local government financial management of transportation-related funds.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0268&ssn=0&y=2025