1.1 	A bill for an act
1.2 	relating to transportation; providing for alternative financing and investment in a 
1.3 	pilot transportation project;amending Minnesota Statutes 2010, section 174.02, 
1.4 	by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2010, section 174.02, is amended by adding a 
1.7 	subdivision to read:
1.8 		Subd. 9.Alternative financing and investment in a pilot transportation 
1.9 	project. (a) The commissioner may select one pilot transportation project on the trunk 
1.10 	highway system to implement the authority granted in this subdivision. In connection 
1.11 	with this pilot project, the commissioner may enter into agreements with governmental 
1.12 	or nongovernmental entities, including private and nonprofit entities, to finance or invest 
1.13 	in the transportation project, including repayment agreements. An agreement under this 
1.14 	subdivision is subject to (1) the availability of state money or other dedicated revenue or 
1.15 	resources; and (2) the approval of the commissioner of management and budget.
1.16 	(b) The commissioner shall submit to the chairs and ranking minority members of 
1.17 	the house of representatives and senate committees having jurisdiction over transportation 
1.18 	policy and finance, a listing of all agreements executed under this subdivision. The listing 
1.19 	must identify each agreement, the contracting entities, contract amount, duration, and any 
1.20 	repayment requirements. The listing may be submitted electronically, and is subject 
1.21 	to section 3.195, subdivision 1.
1.22 	(c) The pilot project is subject to transportation planning, programming, and 
1.23 	procurement requirements. Use of this subdivision must not result in the delay of any 
1.24 	project programmed in the statewide transportation improvement program.
2.1 	(d) This subdivision does not preempt any other statute or provide any new toll 
2.2 	facility authority or design-build contracting authority.
2.3 	(e) Any repayment agreement under this subdivision must comply with all applicable 
2.4 	debt and other financial policies and requirements.