Bill > HF2848

This bill establishes new comprehensive reporting requirements for local transportation funds in Minnesota, creating a standardized process for financial reporting by counties, regional railroad authorities, and other political subdivisions. Under the new law, the commissioner of transportation must submit an annual consolidated local transportation financial report by March 1st to legislative committees, which will include detailed financial information from various reporting units. Each reporting unit must provide extensive financial data, including actual allocations and collections for the previous five calendar years, current year estimates, and ten-year projections, with specific breakdowns of expenditures across categories like guideway planning, transit, active transportation, and highway uses. The bill mandates that each financial submission include a list of completed, current, planned, and anticipated projects, along with brief project descriptions. To ensure compliance, the bill introduces a penalty mechanism where counties failing to meet the reporting requirements will have 25 percent of their transportation funding withheld, which can be released after submission of the required financial information. This legislation aims to increase transparency and provide more comprehensive insights into local transportation fund usage and planning across Minnesota.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2848&ssn=0&y=2025