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. Specifically, it deletes the reference to "light rail transit" and replaces it with "guideways." The effective date for this provision is set for July 1, 2025, and it applies to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.

Additionally, the bill introduces a new section that mandates host counties to fund various aspects of guideway development. This includes costs related to planning, design, construction, and operations that exceed available federal, state, or local funding. The bill outlines that host counties are responsible for capital maintenance and modernization costs as well. It also specifies that the distribution of costs among host counties must be agreed upon through a proportional methodology. This section also becomes effective on July 1, 2025, and applies to the same counties mentioned earlier.

Statutes affected:
Introduction: 473.39