HF 1955

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:56am

A bill for an act
relating to transit; authorizing temporary transfers from the metropolitan livable
communities fund accounts and the right-of-way loan acquisition fund for
transit operating deficits; modifying funding sources for metropolitan livable
communities fund accounts; amending Minnesota Statutes 2008, section
473.254, subdivision 5.

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

Section 1.

Minnesota Statutes 2008, section 473.254, subdivision 5, is amended to read:

Subd. 5.

Sources of funds.

(a) The council shall credit to the local housing
incentives account any revenues derived from municipalities under subdivision 4,
paragraph (b), clause (1).

(b) The council shall credit $1,000,000 of the proceeds of solid waste bonds issued
by the council under Minnesota Statutes, section 473.831, before its repeal, to the local
housing incentives account in the metropolitan livable communities fund. In 1998 and each
year thereafter new text begin through 2009 new text end , the council shall credit $1,000,000 of the revenues generated
by the levy authorized in section 473.249 to the local housing incentives account.

(c) In 1997, and each year thereafter new text begin through 2009 new text end , the council shall transfer
$500,000 from the livable communities demonstration account to the local housing
incentives account. new text begin In 2010, and each year thereafter, the council shall transfer $1,500,000
from the livable communities demonstration account to the local housing incentives
account.
new text end

Sec. 2. new text begin METROPOLITAN LIVABLE COMMUNITIES FUND; TRANSFERS.
new text end

new text begin Notwithstanding Minnesota Statutes, sections 473.25 to 473.255, or any other law,
the Metropolitan Council may transfer to its transit operating budget in 2009, 2010, and
2011:
new text end

new text begin (1) up to 75 percent of the revenues and amounts credited, transferred, or distributed
to the metropolitan livable communities fund accounts in 2009, 2010, and 2011 pursuant
to Minnesota Statutes, sections 473.252, 473.253, 473.254, and 473F.08, subdivision 3b,
that are not committed to grant or loan awards made by the council; and
new text end

new text begin (2) balances in the metropolitan livable communities fund accounts in 2009, 2010,
and 2011 that are not committed to grant or loan awards made by the council.
new text end

new text begin The council shall use the amounts transferred to cover operating deficits for the
transit, paratransit, and light rail and commuter rail services provided or assisted by the
council under Minnesota Statutes, sections 473.371 to 473.449. If the council transfers
funds pursuant to this section, the council shall amend the annual distribution plan
described in Minnesota Statutes, section 473.25, paragraph (d), and include information
about the transfer in the annual report required under Minnesota Statutes, section 473.25,
paragraph (e).
new text end

Sec. 3. new text begin RIGHT-OF-WAY LOAN ACQUISITION FUND; TRANSFERS.
new text end

new text begin Notwithstanding Minnesota Statutes, section 473.167, or any other law, the
Metropolitan Council may transfer to its transit operating budget in 2009, 2010, and
2011 up to 75 percent of the amounts levied and collected in 2009, 2010, and 2011
under Minnesota Statutes, section 473.167, subdivision 3. The council shall use the
amounts transferred to cover operating deficits for the transit, paratransit, and light rail
and commuter rail services provided or assisted by the council under Minnesota Statutes,
sections 473.371 to 473.449.
new text end

Sec. 4. new text begin APPLICATION.
new text end

new text begin Sections 1 to 3 apply in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey,
Scott, and Washington.
new text end

Sec. 5. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 to 3 are effective the day following final enactment.
new text end