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MN HF3613

Bill

Status

Passed

4/10/2024

Primary Sponsor

Frank Hornstein

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

HF3613 Summary

  • Amends Minnesota Statutes section 473.386, subdivision 10, to clarify how the Commissioner of Management and Budget must incorporate Metro Mobility special transportation service funding in February and November state revenue and expenditure forecasts.

  • Requires the Metro Mobility funding calculation to include amounts necessary to maintain service levels, maintain bus fleet condition, and meet statutory requirements, plus forecast adjustments for actual and projected costs, minus nonstate funding sources.

  • Mandates the Metro Mobility council submit a financial review with each forecast detailing fund sources, expenditures by category, cost assumptions, ridership data, farebox recovery rates, and required appropriations for forecast adjustments.

  • Changes the effective date for education forecast adjustments from July 1, 2024, to July 1, 2023, with implementation beginning with the November 2023 forecast.

  • Makes Laws 2024, chapter 81, effective retroactively from March 26, 2024.

Legislative Description

Forecasted Metro Mobility funding clarifications provided, education forecast adjustments effective date provided, and money appropriated.

Last Action

Secretary of State Chapter 86

4/10/2024

Committee Referrals

Finance4/2/2024
Rules and Administration3/20/2024
Ways and Means3/4/2024
Transportation Finance and Policy2/13/2024

Full Bill Text

No bill text available