Minnesota § 174.065 - CONSOLIDATED LOCAL TRANSPORTATION FINANCIALS REPORT

§ 174.065. CONSOLIDATED LOCAL TRANSPORTATION FINANCIALS REPORT

Subdivision 1.Definitions.

(a) For purposes of this section, the following terms have the meanings given.

(b) "Funding source" means an applicable tax or revenue source received by a reporting unit under sections 174.49, subdivision 3, clause (1); 297A.9915, subdivision 4; 297A.993, subdivision 1; and 398A.04, subdivision 8.

(c) "Reporting unit" means a county, regional railroad authority, or other political subdivision that is specifically required to submit financial information under this section.

Subd. 2.Consolidated report.

(a) By March 1 annually, the commissioner must submit a report on consolidated local transportation financials to the chairs and ranking minority members of the legislative committees with jurisdiction over transportation finance and policy.

(b) At a minimum, the report must include:

(1) the information specified under subdivision 3 for each funding source;

(2) additional information as specified under section 174.49, subdivision 7;

(3) subtotals for each reporting unit that is required to submit financial information under this section; and

(4) totals for all reporting units.

(c) The commissioner may establish submission requirements for the financial information, which may include but is not limited to a submission deadline and a format for the fiscal details.

Subd. 3.Required financial information.

(a) At a minimum, each reporting unit must submit financial information on each funding source that includes:

(1) actual allocations or collections to the reporting unit for each of the previous five calendar years;

(2) balance actuals for each of the previous five calendar years;

(3) estimates of the amount that is expected to be allocated to or collected by the reporting unit in the current year and for the next five calendar years; and

(4) for each of the previous five calendar years, the current calendar year, and for the next five calendar years:

(i) the amount expended or proposed to be expended for each of the following, as applicable:

(A) planning, project development, construction, operation, or maintenance of guideways, as defined in section 473.4485, subdivision 1, paragraph (d);

(B) nonguideway transit uses;

(C) active transportation uses;

(D) highway uses; and

(E) uses not otherwise specified in subitems (A) to (D);

(ii) for each subitem under item (i), an accompanying list of completed, current, planned, and anticipated projects; and

(iii) an estimated balance of unspent or undesignated amounts from the funding source.

(b) The listing under paragraph (a), clause (4), item (ii), must include a brief identification or description of each project or program.

History:

1Sp2025 c 8 art 2 s 58

Official Publication of the State of Minnesota
Revisor of Statutes