162.125 Allocating matching funds for MSAS revolving loan account.
The screening board appointed under section 162.13, subdivision 3, may recommend to the commissioner that the commissioner allocate a portion of municipal state-aid street funds to the municipal state-aid street revolving loan account. The commissioner may allocate no more than the amount recommended by the screening board.
HIST: 1997 c 141 s 6
* NOTE: This section, as added by Laws 1997, chapter 141, *section 6, is effective six months after the effective date of *an increase in the gasoline excise tax rate or vehicle *registration tax rates. No provision of this section may take *effect until Minnesota has been notified by the United States *Department of Transportation that it will be receiving a *specific sum in federal funds that has been designated *specifically for a state infrastructure bank. Laws 1997, *chapter 141, section 11.
Official Publication of the State of Minnesota
Revisor of Statutes