1.1 	A bill for an act
1.2 	relating to transportation; prohibiting the Metropolitan Council from certain 
1.3 	indebtedness;amending Minnesota Statutes 2014, section 473.39, by adding a 
1.4 	subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2014, section 473.39, is amended by adding a 
1.7 	subdivision to read:
1.8 		Subd. 6.Limitations. The council may not issue certificates of indebtedness, 
1.9 	bonds, or other obligations secured in part or in whole by a pledge of motor vehicle sales 
1.10 	tax revenue received under sections 16A.88 and 297B.09, or by a pledge of any earnings 
1.11 	from the council's investment of motor vehicle sales tax revenues.

1.12 	EFFECTIVE DATE; APPLICATION. This section is effective the day following 
1.13 	final enactment, and applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, 
1.14 	Scott, and Washington.