HF 2696

as introduced - 87th Legislature (2011 - 2012) Posted on 03/05/2012 01:54pm

A bill for an act
relating to metropolitan transit; changing the formula for assistance by the
Metropolitan Council to cities and towns with replacement transit service;
amending Minnesota Statutes 2010, section 473.388, subdivision 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 473.388, subdivision 4, is amended to read:

Subd. 4.

Financial assistance.

(a) The council must grant the requested financial
assistance if it determines that the proposed service is intended to replace the service to
the applying city or town or combination thereof by the council and that the proposed
service will meet the needs of the applicant at least as efficiently and effectively as the
existing service.

(b) The amount of assistance which the council must provide to a system under this
section may not be less than the sum of the amounts determined for each municipality
comprising the system as follows:

(1) the transit operating assistance grants received under this subdivision by the
municipality in calendar year 2001 or the tax revenues for transit services levied by the
municipality for taxes payable in 2001, including that portion of the levy derived from
the areawide pool under section 473F.08, subdivision 3, clause (a), plus the portion of
the municipality's aid under section 273.1398, subdivision 2, attributable to the transit
levy; times

(2) the ratio of (i) an amount equal to deleted text begin 3.74 deleted text end new text begin 6.25 new text end percent of the state revenues
generated from the taxes imposed under chapter 297B for the current fiscal year to (ii)
the total transit operating assistance grants received under this subdivision in calendar
year 2001 or the tax revenues for transit services levied by all replacement service
municipalities under this section for taxes payable in 2001, including that portion of the
levy derived from the areawide pool under section 473F.08, subdivision 3, clause (a), plus
the portion of homestead and agricultural credit aid under section 273.1398, subdivision 2,
attributable to nondebt transit levies, times

(3) the ratio of (i) the municipality's total taxable market value for taxes payable
in 2006 divided by the municipality's total taxable market value for taxes payable in
2001, to (ii) the total taxable market value of all property located in replacement service
municipalities for taxes payable in 2006 divided by the total taxable market value of all
property located in replacement service municipalities for taxes payable in 2001.

(c) The council shall pay the amount to be provided to the recipient from the funds
the council receives in the metropolitan area transit account under section 16A.88.