2001 Minnesota Statutes

     161.361 Advance funding for trunk highway projects. 

    Subdivision 1.    Advance funding.  A road authority 
 other than the commissioner may by agreement with the 
 commissioner make advances from any available funds to the 
 commissioner to expedite construction of all or part of a trunk 
 highway.  Money may be advanced under this section only for 
 projects already included in the commissioner's highway work 
 program. 

    Subd. 2.    Repayment.  Subject to the availability of 
 state money, the commissioner shall repay without interest the 
 amount advanced under subdivision 1, up to the state's share of 
 project costs, at the time the project is scheduled for 
 completion in the highway work program.  The total amount of 
 annual repayment to road authorities under this section must 
 never exceed the amount stated in the department's debt 
 management policy or $10,000,000, whichever is less. 

    HIST: 1991 c 298 art 4 s 4