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MN HF1990
Bill
Status
Introduced
3/2/2017
Primary Sponsor
Tony Albright
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AI Summary
- Amends Minnesota Statutes 2016, section 473.388, subdivision 4, regarding financial assistance to replacement transit service providers
- Changes the percentage of state revenues from taxes under chapter 297B from 3.74 percent to a blank amount (to be determined) in the assistance calculation formula
- Maintains requirement that the council grant financial assistance if proposed service will replace existing service and meet applicant needs at least as efficiently and effectively
- Assistance amount must be no less than a calculation based on 2001 baseline transit grants/revenues, adjusted for current fiscal year state revenue ratios and taxable market value changes from 2001 to 2006
- Council shall pay assistance amounts from funds received in the metropolitan area transit account under section 16A.88
Legislative Description
Replacement transit service provider financial assistance amount modified.
Last Action
Authors added Loon and Masin.
3/13/2017
Committee Referrals
Transportation Finance3/2/2017
Full Bill Text
No bill text available