Minnesota § 167.60 - DEBT-FINANCING MANAGEMENT POLICY
Full text of Minnesota Minnesota Statutes § 167.60 — DEBT-FINANCING MANAGEMENT POLICY, with citation guidance and answers to common questions.
§ 167.60. DEBT-FINANCING MANAGEMENT POLICY
(a) The commissioner shall develop a debt-financing management policy for trunk highway bonds, federal advanced construction funds, and other forms of highway financing based on debt or future repayment. The policy must be used by the department to guide decision making related to debt financing. The commissioner may update the policy as necessary. In developing and updating the policy, the commissioner shall consult with the commissioner of management and budget and the chairs and ranking minority members of the legislative committees with jurisdiction over transportation finance.
(b) The debt-financing management policy must address relevant financial issues, including, but not limited to:
(1) limits on cumulative amounts of debt for the trunk highway system from all state and federal sources;
(2) eligibility of projects for debt-financing funds;
(3) allocation and use of funds;
(4) terms of debt service and methods of repayment;
(5) management of trunk highway fund balance impacts; and
(6) mitigation of risks from different forms of debt financing.
(c) Upon creation or formal revision of the debt-financing management policy, the commissioner shall distribute electronic copies to the members of the legislative committees with jurisdiction over transportation finance, and as required for reports to the legislature under section 3.195, subdivision 1.
History:
2010 c 350 s 3; 2023 c 25 s 58
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 167.60
What does Minnesota Statutes § 167.60 cover?
Section 167.60 ("DEBT-FINANCING MANAGEMENT POLICY") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 167.60?
A common citation format is "Minnesota Statutes § 167.60" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 167.60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.