The bill amends Minnesota Statutes 2024, section 473.39, subdivision 7, to prohibit the Metropolitan Council from issuing certificates of participation for guideways that involve a pledge of motor vehicle sales tax revenue or any earnings from the council's investment of such revenues. This change aims to limit certain debt obligations related to transit funding. Additionally, the bill introduces a new section, 473.4487, which mandates that host counties are responsible for funding various aspects of guideway development, including planning, design, construction, and operating costs that exceed available federal, state, or local funding.

The bill specifies that host counties must cover costs associated with guideway development, including those not eligible for federal funding, and outlines the responsibilities for capital maintenance and modernization. It also requires that the distribution of costs among host counties be agreed upon through a proportional methodology. Both sections of the bill are set to take effect on July 1, 2025, and will apply specifically to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.

Statutes affected:
Introduction: 473.39