SF 3990

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/15/2022 09:16am

A bill for an act
relating to transit; prohibiting the Metropolitan Council from issuing certificates
of participation in certain situations; requiring host counties to fund specified
aspects of guideways; amending Minnesota Statutes 2020, section 473.39,
subdivision 7; proposing coding for new law in Minnesota Statutes, chapter 473.

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

Section 1.

Minnesota Statutes 2020, section 473.39, subdivision 7, is amended to read:

Subd. 7.

Limitation on certain debt obligations.

The council is prohibited from issuing
certificates of participation for deleted text begin light rail transit deleted text end new text begin guideways new text end secured in whole or in part by
(1) a pledge of motor vehicle sales tax revenue received under sections 16A.88 and 297B.09,
or (2) a pledge of any earnings from the council's investment of motor vehicle sales tax
revenues.

new text begin EFFECTIVE DATE; APPLICATION. new text end

new text begin This section is effective July 1, 2022, and
applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.
new text end

Sec. 2.

new text begin [473.4487] COUNTY RESPONSIBILITY FOR GUIDEWAY FUNDING.
new text end

new text begin (a) Counties shall fund guideways, as defined in section 473.4485, subdivision 1,
paragraph (d), including current and future guideways pursuant to the requirements in this
section.
new text end

new text begin (b) A host county or counties must fund:
new text end

new text begin (1) planning, design, engineering, construction, prerevenue operations, and other costs
associated with guideway development that exceed federal, state, local government, or other
funds dedicated to the guideway. This requirement pertains to all costs associated with
guideway development, including associated costs not eligible for federal funding;
new text end

new text begin (2) operating costs of guideway services determined by the service operator to be
necessary to meet reasonable standards for access, safety, and reliability and that exceed
fare revenues and federal, state, local government, or other funds dedicated to the guideway;
and
new text end

new text begin (3) capital maintenance, replacement, and modernization costs determined by the operator
of guideway services to be necessary to meet reasonable standards for access, safety,
reliability, and upkeep of the guideway and that exceed federal, state, local government, or
other funds dedicated to the guideway.
new text end

new text begin (c) For purposes of this section, "host county or counties" means those counties where
the guideway is located.
new text end

new text begin (d) The distribution of costs among host counties must be delineated through a
proportional methodology agreed to by the host counties.
new text end

new text begin EFFECTIVE DATE; APPLICATION. new text end

new text begin This section is effective July 1, 2022, and
applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.
new text end