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MN SF2198
Bill
Status
3/6/2025
Primary Sponsor
Ann Johnson Stewart
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AI Summary
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Local governments must use interest or investment earnings on transportation revenue sources exclusively for transportation purposes
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Transportation revenue sources include state-aid funds, grants and loans for transportation projects, transportation-related taxes and fees, reserves from these sources, and related debt obligations
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Filing fees under vehicle registration and driver's license sections are specifically excluded from the transportation revenue source definition
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The Metropolitan Council is made subject to these same investment use requirements, applying to the seven-county metro area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties)
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Effective the day following final enactment
Legislative Description
Certain limitations establishment on use of interest or investment income from transportation revenue
Last Action
Referred to Transportation
3/6/2025