This bill modifies the allocation of revenue from the regional transportation sales tax, specifically for student transit and replacement services. It amends Minnesota Statutes 2024, section 297A.9915, subdivision 4, to adjust the percentage allocations of the sales tax proceeds. The allocation for the Metropolitan Council is reduced from 83% to 75.882%, while 5.281% is designated for the Metropolitan Council for specific purposes, and 1.837% is allocated to the Board of Regents of the University of Minnesota for student transit services. The effective date for these changes is set for July 1, 2025.

Additionally, the bill amends section 473.4465, subdivision 2, to specify the use of funds by the Metropolitan Council, including a new subdivision (2a) that mandates the use of sales tax revenue for financial assistance to the Minnesota Valley Transit Authority. This financial assistance is in addition to existing allocations and must not be retained by the council. The effective date for these provisions is also July 1, 2025.

Statutes affected:
Introduction: 297A.9915, 473.4465