This bill amends Minnesota Statutes to prohibit the Metropolitan Council from issuing certificates of participation for guideways that involve a pledge of motor vehicle sales tax revenue or earnings from the investment of such revenues. The specific language regarding "light rail transit" has been deleted and replaced with "guideways." The bill also establishes 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.

Additionally, the bill outlines that host counties must agree on a proportional methodology for distributing costs among themselves. The new provisions will take effect on July 1, 2025, and will apply specifically to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. This legislation aims to clarify financial responsibilities related to transit guideways and ensure that local governments are adequately prepared to fund these projects.

Statutes affected:
Introduction: 473.39