HF 1330

as introduced - 89th Legislature (2015 - 2016) Posted on 03/02/2015 01:22pm

A bill for an act
relating to the Metropolitan Council; requiring a ten-year transit capital
improvement program instead of a three-year program; amending Minnesota
Statutes 2014, section 473.39, subdivision 4.

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

Section 1.

Minnesota Statutes 2014, section 473.39, subdivision 4, is amended to read:

Subd. 4.

Transit capital improvement program.

The council may not issue
obligations pursuant to this section until the council adopts a deleted text begin three-year deleted text end new text begin ten-year new text end transit
capital improvement program. The program must include a capital investment component
that sets forth a capital investment strategy and estimates the fiscal and other effects of the
strategy. The component must specify, to the extent practicable, the capital improvements
to be undertaken. For each improvement specified, the program must describe: (1)
need, function, objective, and relative priority; (2) alternatives, including alternatives
not involving capital expenditures; (3) ownership and operating entity; (4) location and
schedule of development; (5) environmental, social, and economic effects; (6) cost; (7)
manner of finance and revenue sources, including federal and state funds, private funds,
taxes, and user charges; and (8) fiscal effects, including an estimate of annual operating
costs and sources of revenue to pay the costs.

Sec. 2. new text begin APPLICATION.
new text end

new text begin This act applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey,
Scott, and Washington.
new text end