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MN SF1078
Bill
Status
Engrossed
5/12/2011
Primary Sponsor
Benjamin Kruse
Click for details
AI Summary
- Authorizes the commissioner of transportation to select one pilot transportation project on the trunk highway system to test alternative financing and investment arrangements
- Permits the commissioner to enter into agreements with governmental, private, and nonprofit entities to finance or invest in the pilot project, including repayment agreements
- Requires approval from the commissioner of management and budget and availability of state money or dedicated revenue before implementing agreements
- Mandates the commissioner submit a listing of all executed agreements to legislative transportation committees, identifying the contracting entities, contract amounts, duration, and repayment requirements
- Specifies the pilot project must comply with transportation planning and procurement requirements and cannot delay any project already programmed in the statewide transportation improvement program
Legislative Description
Transportation pilot project on trunk highway system alternative financing and investment
Last Action
House rule 1.21, placed on Calendar for the Day
5/23/2011
Committee Referrals
Transportation4/4/2011
Full Bill Text
No bill text available