1.1 	A bill for an act
1.2 	relating to transportation; requiring short-line and regional railroad carrier 
1.3 	disclosures;proposing coding for new law in Minnesota Statutes, chapter 222.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. [222.455] SHORT-LINE AND REGIONAL RAILROAD CARRIER 
1.6 	DISCLOSURES REQUIRED.
1.7 	(a) To be eligible to receive funding through appropriations, loans, grants, loan or grant 
1.8 	forgiveness, or capital bonding under sections 222.49; 222.50, subdivision 7; 222.55; 222.57; 
1.9 	or 222.63, subdivision 8, a Class III short-line or regional railroad carrier must disclose to 
1.10 	the commissioner of transportation the following:
1.11 	(1) class of ownership reported to the United States Surface Transportation Board;
1.12 	(2) all persons, business partnerships, cooperatives, ownership partners, or any other 
1.13 	entity with an ownership stake in the carrier;
1.14 	(3) whether the carrier is subject to ownership by a third-party rail carrier or holding 
1.15 	company, a subsidiary or a third-party short-line or regional railroad carrier in Minnesota 
1.16 	or another state, or owned in conjunction with another common partnership or corporation;
1.17 	(4) the state or province in which owners are located or incorporated;
1.18 	(5) total miles of track operated or subject to operation by the carrier;
1.19 	(6) total number of revenue car movements by the carrier during the previous two calendar 
1.20 	years;
1.21 	(7) annual total gross revenue;
2.1 	(8) annual total assessed value of motive power and nonleased rolling stock;
2.2 	(9) total annual investment in track, track structure, and general physical plant 
2.3 	maintenance on all properties;
2.4 	(10) total compensation of the carrier's top three officers, owners, or equity investors;
2.5 	(11) total net profit and all dividends paid to owners, investor groups, or cooperatives;
2.6 	(12) for operating, track, and signal employees, the total number of employees, average 
2.7 	hourly wage, and health care cost per employee;
2.8 	(13) whether the carrier's employees and employers contribute monthly tax payments 
2.9 	to the United States Railroad Retirement Board and disability benefits program; and
2.10 	(14) whether the carrier is self-insured or insured by a third party.
2.11 	(b) Museum railroad carriers, port authorities, economic development applicants, and 
2.12 	municipal industrial park development applicants with Class I railroad carriers are exempt 
2.13 	from the disclosure requirements in this section.