The bill amends several sections of the Minnesota Statutes related to the Metropolitan Council's financial reporting requirements for transportation services. Key changes include the removal of the requirement for the council to prepare a financial plan for transit programs every even-numbered year, which included user charges and requests for state financial assistance. Instead, the council will now focus on providing detailed annual financial reviews that outline actual revenues, expenditures, and comparisons between budgeted and actual amounts for the previous four years. Additionally, the bill mandates that replacement service providers report their projected operating expenditures and reserve fund balances to the council by December 15 each year.

Furthermore, the bill modifies the reporting timeline for cleanliness standards and expenditures related to transit services, shifting the deadline from October 1 to February 15 annually. It also repeals a previous statute concerning transit operating reserves, which required replacement service providers to report their projected operating expenses and reserve balances. The new provisions aim to streamline financial reporting and enhance transparency regarding the council's transportation services, while also ensuring that cleanliness standards and public feedback are adequately addressed in the council's reports.

Statutes affected:
Introduction: 473.452, 473.13, 473.386, 473.412