Certain limitations on use of interest or investment income from transportation revenue established.
HF 268 requires Minnesota local governments to use interest or investment earnings from transportation funds exclusively for transportation projects. This applies to funds from state-aid highway programs, transportation grants, and specific transportation taxes (like those for roads or bridges). The rule specifically affects councils in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties. The bill amends existing law to prevent diversion of these earnings to non-transportation purposes, ensuring funds stay aligned with their intended use.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2025
Last action Feb 10, 2025
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Feb 10, 2025
Introduced
Introduction and first reading, referred to Transportation Finance and Policy
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jon Koznick
RRepublican
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