2024 Minnesota Statutes

473.452 TRANSIT OPERATING RESERVES; REPORT.

(a) By December 15 each year, each replacement service provider under section 473.388 must report to the council its projected total operating expenses for the current state fiscal year and its projected operating reserve fund balance as of the previous July 31.

(b) By January 15 each year, the council must submit a report to the chairs and ranking minority members of the legislative committees with jurisdiction over transportation policy and finance. The report must include:

(1) the information from each provider received under paragraph (a); and

(2) the council's projected total operating expenses for the current state fiscal year and its projected operating reserve fund balance as of the previous July 31.

History:

1Sp2021 c 5 art 4 s 118; 2024 c 127 art 3 s 112