MN HF82

Metropolitan counties imposing a transportation sales and use tax must annually submit to the commissioner of transportation financial and project information for the three most recently completed fiscal years.

Required reporting includes a project overview, future funding commitments, total revenues and expenditures, expenditure breakdowns by capital/operating costs and transportation mode, and outstanding debt obligations.

Financial information must be submitted in six-month increments corresponding to state and local fiscal years, in a form and schedule prescribed by the commissioner of transportation.

The commissioner of transportation must compile the county reports and submit a combined report to legislative committees with jurisdiction over transportation policy and finance by February 15 annually.