Reporting requirements for local transportation funds modified, and report required.

HF 2848 modifies reporting requirements for local transportation funds in Minnesota. It requires counties and other local transportation authorities to submit detailed annual financial reports by March 1, including five years of actual spending data, ten years of spending projections, and how funds were used across categories like highways, transit, and active transportation. The commissioner must compile these reports into a consolidated annual report for legislative committees. Counties failing to submit required reports face a 25% withholding of their apportioned transportation funds until they comply. This bill directly affects local governments managing state transportation funds.