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, reducing the previous allocation from 83% to 75.882% for certain transit purposes, while introducing new allocations of 5.281% to the Metropolitan Council for specified purposes and 1.837% 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 clarify the use of funds by the Metropolitan Council, ensuring that a portion of the sales tax revenue is dedicated to various transit system improvements and operations. A new subdivision (2a) is added, which mandates that the council use a specific allocation for financial assistance to the Minnesota Valley Transit Authority, ensuring that this funding is supplemental to existing allocations. The effective date for these provisions is also July 1, 2025.

Statutes affected:
Introduction: 297A.9915, 473.4465