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 SHARE~~ TRANSPORTATION 
  1.12  EXPENDITURES.] (a) Money collected and received under this 
  1.13  chapter must be deposited ~~in the state treasury and credited to~~ 
  1.14  ~~the general fund.  The amounts collected and received shall be~~ 
  1.15  ~~credited~~ as provided in this subdivision.~~, and transferred from~~ 
  1.16  ~~the general fund on July 15 and February 15 of each fiscal~~ 
  1.17  ~~year.  The commissioner of finance must make each transfer based~~ 
  1.18  ~~upon the actual receipts of the preceding six calendar months~~ 
  1.19  ~~and include the interest earned during that six-month period.~~  
  1.20  ~~The commissioner of finance may establish a quarterly or other~~ 
  1.21  ~~schedule providing for more frequent payments to the transit~~ 
  1.22  ~~assistance fund if the commissioner determines it is necessary~~ 
  1.23  ~~or desirable to provide for the cash flow needs of the~~ 
  1.24  ~~recipients of money from the transit assistance fund.~~  
  1.25     (b) ~~Twenty-five~~ Fifty-four percent of the ~~money~~ net 
  1.26  proceeds collected and received ~~under this chapter after June~~ 
  2.1   ~~30, 1990, and before July 1, 1991,~~ must be ~~transferred to~~ 
  2.2   deposited in the highway user tax distribution fund ~~and the~~ 
  2.3   ~~transit assistance fund for apportionment as follows:  75~~ 
  2.4   ~~percent must be transferred to the highway user tax distribution~~ 
  2.5   ~~fund~~ for apportionment in the same manner and for the same 
  2.6   purposes as other money in that fund, and the remaining ~~25~~ 46 
  2.7   percent of the ~~money~~ net proceeds must be ~~transferred to~~ 
  2.8   deposited in the ~~transit assistance~~ general fund ~~to be~~ 
  2.9   ~~appropriated to the commissioner of transportation for transit~~ 
  2.10  ~~assistance within the state and to the metropolitan council~~.  
  2.11     ~~(c) The distributions under this subdivision to the highway~~ 
  2.12  ~~user tax distribution fund until June 30, 1991, and to the trunk~~ 
  2.13  ~~highway fund thereafter, must be reduced by the amount necessary~~ 
  2.14  ~~to fund the appropriation under section 41A.09, subdivision 1.~~  
  2.15  ~~For the fiscal years ending June 30, 1988, and June 30, 1989,~~ 
  2.16  ~~the commissioner of finance, before making the transfers~~ 
  2.17  ~~required on July 15 and January 15 of each year, shall estimate~~ 
  2.18  ~~the amount required to fund the appropriation under section~~ 
  2.19  ~~41A.09, subdivision 1, for the six-month period for which the~~ 
  2.20  ~~transfer is being made.  The commissioner shall then reduce the~~ 
  2.21  ~~amount transferred to the highway user tax distribution fund by~~ 
  2.22  ~~the amount of that estimate.  The commissioner shall reduce the~~ 
  2.23  ~~estimate for any six-month period by the amount by which the~~ 
  2.24  ~~estimate for the previous six-month period exceeded the amount~~ 
  2.25  ~~needed to fund the appropriation under section 41A.09,~~ 
  2.26  ~~subdivision 1, for that previous six-month period.  If at any~~ 
  2.27  ~~time during a six-month period in those fiscal years the amount~~ 
  2.28  ~~of reduction in the transfer to the highway user tax~~ 
  2.29  ~~distribution fund is insufficient to fund the appropriation~~ 
  2.30  ~~under section 41A.09, subdivision 1, for that period, the~~ 
  2.31  ~~commissioner shall transfer to the general fund from the highway~~ 
  2.32  ~~user tax distribution fund an additional amount sufficient to~~ 
  2.33  ~~fund the appropriation for that period, but the additional~~ 
  2.34  ~~amount so transferred to the general fund in a six-month period~~ 
  2.35  ~~may not exceed the amount transferred to the highway user tax~~ 
  2.36  ~~distribution 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.