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Bill > SF2886


MN SF2886

Metropolitan Council transportation services financial reporting requirements consolidation and modification


summary

Introduced
03/24/2025
In Committee
03/24/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to Metropolitan Council; consolidating and modifying certain financial reporting requirements for transportation services; amending Minnesota Statutes 2024, sections 473.13, subdivisions 1, 6; 473.386, subdivision 10; 473.412, subdivision 3; repealing Minnesota Statutes 2024, section 473.452.

AI Summary

This bill consolidates and modifies financial reporting requirements for the Metropolitan Council's transportation services. It amends several existing statutes to streamline and clarify financial reporting processes. The bill requires the Metropolitan Council to submit an annual financial review by January 15 that details transportation revenue and expenditures, using state fiscal years. By August 15, the council must also submit a financial review update comparing budgeted and actual amounts from the previous budget year. The reporting must include detailed breakdowns of transportation funding sources (such as legislative appropriations, federal funds, fare collections, and taxes), and categorize expenses by transportation modes like bus, light rail, and special transportation services. The bill eliminates a previous requirement for a separate transit operating reserves report by repealing section 473.452, instead incorporating those reporting elements into the new consolidated financial review process. Additionally, the bill modifies the timing and content of the council's annual transit cleanliness report, moving the submission deadline to February 15 and adjusting the required reporting components. The changes are specifically applicable to the seven-county metropolitan area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties).

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Hearing (15:00:00 4/2/2025 ) (on 04/02/2025)

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