1st Engrossment - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/15/1999 | |
1st Engrossment | Posted on 03/06/2000 |
1.1 A bill for an act 1.2 relating to transportation; providing for deposit of 1.3 revenues from the motor vehicle sales tax; authorizing 1.4 indebtedness by the metropolitan council for transit 1.5 purposes; amending Minnesota Statutes 1998, sections 1.6 297B.09, subdivision 1; and 473.39, by adding 1.7 subdivisions. 1.8 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.9 Section 1. Minnesota Statutes 1998, section 297B.09, 1.10 subdivision 1, is amended to read: 1.11 Subdivision 1. [GENERAL FUND SHARETRANSPORTATION 1.12 EXPENDITURES.] (a) Money collected and received under this 1.13 chapter must be depositedin the state treasury and credited to1.14the general fund. The amounts collected and received shall be1.15creditedas provided in this subdivision., and transferred from1.16the general fund on July 15 and February 15 of each fiscal1.17year. The commissioner of finance must make each transfer based1.18upon the actual receipts of the preceding six calendar months1.19and include the interest earned during that six-month period.1.20The commissioner of finance may establish a quarterly or other1.21schedule providing for more frequent payments to the transit1.22assistance fund if the commissioner determines it is necessary1.23or desirable to provide for the cash flow needs of the1.24recipients of money from the transit assistance fund.1.25 (b)Twenty-fiveFifty-four percent of themoneynet 1.26 proceeds collected and receivedunder this chapter after June2.130, 1990, and before July 1, 1991,must betransferred to2.2 deposited in the highway user tax distribution fundand the2.3transit assistance fund for apportionment as follows: 752.4percent must be transferred to the highway user tax distribution2.5fundfor apportionment in the same manner and for the same 2.6 purposes as other money in that fund, and the remaining2546 2.7 percent of themoneynet proceeds must betransferred to2.8 deposited in thetransit assistancegeneral fundto be2.9appropriated to the commissioner of transportation for transit2.10assistance within the state and to the metropolitan council. 2.11(c) The distributions under this subdivision to the highway2.12user tax distribution fund until June 30, 1991, and to the trunk2.13highway fund thereafter, must be reduced by the amount necessary2.14to fund the appropriation under section 41A.09, subdivision 1.2.15For the fiscal years ending June 30, 1988, and June 30, 1989,2.16the commissioner of finance, before making the transfers2.17required on July 15 and January 15 of each year, shall estimate2.18the amount required to fund the appropriation under section2.1941A.09, subdivision 1, for the six-month period for which the2.20transfer is being made. The commissioner shall then reduce the2.21amount transferred to the highway user tax distribution fund by2.22the amount of that estimate. The commissioner shall reduce the2.23estimate for any six-month period by the amount by which the2.24estimate for the previous six-month period exceeded the amount2.25needed to fund the appropriation under section 41A.09,2.26subdivision 1, for that previous six-month period. If at any2.27time during a six-month period in those fiscal years the amount2.28of reduction in the transfer to the highway user tax2.29distribution fund is insufficient to fund the appropriation2.30under section 41A.09, subdivision 1, for that period, the2.31commissioner shall transfer to the general fund from the highway2.32user tax distribution fund an additional amount sufficient to2.33fund the appropriation for that period, but the additional2.34amount so transferred to the general fund in a six-month period2.35may not exceed the amount transferred to the highway user tax2.36distribution fund for that six-month period.3.1 Sec. 2. Minnesota Statutes 1998, section 473.39, is 3.2 amended by adding a subdivision to read: 3.3 Subd. 1h. [OBLIGATIONS.] (a) After July 1, 2001, in 3.4 addition to the authority in subdivisions 1a, 1b, 1c, 1d, 1e, 3.5 and 1g, the council may issue certificates of indebtedness, 3.6 bonds, or other obligations under this section for capital 3.7 expenditures as prescribed in the council's regional transit 3.8 master plan and transit capital improvement program and for 3.9 related costs, including the costs of issuance and sale of the 3.10 obligations. The amount of the obligations issued under this 3.11 subdivision in any year may not exceed an amount equal to the 3.12 following limitations, except as provided in this subdivision: 3.13 (1) for 2002, the limitation is $40,000,000; and 3.14 (2) for each subsequent year, the limitation is equal to 3.15 the previous year's limitation calculated under this subdivision 3.16 adjusted for inflation using the United States Department of 3.17 Labor's Bureau of Labor Statistics Minneapolis-St. Paul Consumer 3.18 Price Index for All Urban Consumers (CPI-U) for the previous 3.19 taxes payable year or three percent, whichever amount is less. 3.20 (b) In any year in which the council does not issue 3.21 obligations totaling the limitation calculated under this 3.22 subdivision, the council's limitation for the following year is 3.23 increased by the difference between the previous year's 3.24 limitation calculated under this subdivision and the amount 3.25 issued in the previous year, or 20 percent of the previous 3.26 year's limitation, whichever is less. Any limitation increase 3.27 carried forward under this subdivision is available only in the 3.28 following year and is not a permanent increase in the annual 3.29 limitation calculated under this subdivision. 3.30 Sec. 3. Minnesota Statutes 1998, section 473.39, is 3.31 amended by adding a subdivision to read: 3.32 Subd. 1i. [PERFORMANCE-BASED FUNDING.] The commissioner of 3.33 finance, in consultation with the chair of the metropolitan 3.34 council, shall submit a recommendation for a performance-based 3.35 funding mechanism for the metropolitan transit operations 3.36 appropriation as part of the governor's biennial budget 4.1 recommendations to the 2001 legislature. 4.2 Sec. 4. [EFFECTIVE DATE.] 4.3 Section 1 is effective July 1, 2001, for money collected 4.4 and received after June 30, 2001.