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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 ten-year highway work program.
The total amount of annual repayment to road authorities under this subdivision must never
exceed $10,000,000.
    Subd. 1a. Interregional corridors. By agreement with the commissioner, a road authority
other than the commissioner or two or more road authorities that have entered into a joint
powers agreement under section 471.59 may make advances from any available funds to the
commissioner to expedite development of an interregional transportation corridor, including
funds for design consultants, for right-of-way purchases, for construction, or for other related
expenditures. The total amount of annual repayment to road authorities under this subdivision
must never exceed $10,000,000.
    Subd. 1b. Bottlenecks. By agreement with the commissioner, a road authority other than the
commissioner or two or more road authorities that have entered into a joint powers agreement
under section 471.59 may make advances from any available funds to the commissioner to
expedite bottleneck reduction, including funds for design consultants, for right-of-way purchases,
for construction, or for other related expenditures. The total amount of annual repayment to road
authorities under this subdivision must never exceed $10,000,000.
    Subd. 2. Repayment. Subject to the availability of state money, the commissioner shall
repay the amounts advanced under this section, up to the state's share of project costs, under terms
of the agreement. The agreement may provide for payment of interest for funds advanced under
subdivisions 1a and 1b at a rate of interest agreed upon by the parties.
History: 1991 c 298 art 4 s 4; 2002 c 364 s 6; 2003 c 112 art 2 s 50; 1Sp2005 c 6 art 3 s 7