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HF2848 (Legislative Session 94 (2025-2026))

Reporting requirements for local transportation funds modified, and report required.

AI Generated Summary

Purpose of the Bill

The purpose of the bill is to improve transparency and accountability in the use of local transportation funds. It requires specific reporting and financial disclosures from different transportation authorities in Minnesota to the legislature.

Main Provisions

  • Annual Reports: The bill mandates that local transportation authorities submit a comprehensive annual report by March 1 each year. This report must detail the financial status of transportation funds, including revenue sources and expenditures from the previous five years and projections for the next ten years.

  • Detailing Expenditures: The report should categorize expenditures on planning, project development, construction, operation, and maintenance. It must also differentiate between funds used for guideways, non-guideway transit, active transportation, highways, and other unspecified uses.

  • Reporting Units: Specific counties, regional railroad authorities, and other political subdivisions classified as reporting units will be responsible for submitting this financial information.

  • Aid Withholding: A penalty is established for counties that fail to meet the reporting requirements. The commissioner has the authority to withhold 25% of certain allocated funds until the county complies.

  • Additional County Reporting: Metropolitan counties must submit detailed financial information on transportation-related sales tax revenue and expenditures by February 15th of each even-numbered year.

Significant Changes to Existing Law

  • Consolidation of Reporting: This bill introduces a unified reporting requirement for transportation-related financials, which aims at standardizing the submission and review processes across various counties and agencies.

  • Penalties for Non-compliance: Establishes new enforcement measures for non-compliance with financial reporting through financial penalties.

  • Extended Reporting Period: Expands the current reporting requirements to include both retrospective data (five years) and future projections (ten years), which was previously not as exhaustive.

Relevant Terms

  • Transportation finance
  • Reporting requirements
  • Local transportation funds
  • Metropolitan counties
  • Sales tax revenue
  • Guideways
  • Non-guideway transit
  • Active transportation
  • Highway funding
  • Aid withholding

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 25, 2025HouseFloorActionIntroduction and first reading, referred toTransportation Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill amends reporting exceptions for transportation-related financial reports under section 174.07.",
      "modified": [
        "Clarifies exceptions to mandatory reporting requirements for specific transportation financial reports."
      ]
    },
    "citation": "174.07",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section outlines the allowable uses of the revenue from the regional transportation sales and use tax.",
      "modified": [
        "Guidelines for the use of funds are updated to ensure compliance with section 174.49."
      ]
    },
    "citation": "174.49",
    "subdivision": "subdivision 6"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Provides requirements for uses reporting by metropolitan counties under section 297A.993.",
      "modified": [
        "Provides detailed requirements for the submission and content of financial reports by counties."
      ]
    },
    "citation": "297A.993",
    "subdivision": "subdivision 2a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Requires authorities associated with metropolitan counties to report financial information.",
      "modified": [
        "Mandates annual submission of financial data to the commissioner of transportation."
      ]
    },
    "citation": "398A.04",
    "subdivision": "subdivision 12"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Amends the reporting and use of funds guidelines for metropolitan counties.",
      "modified": [
        "Details revised to include the submission and content requirements of financial reports related to regional transportation sales and use tax."
      ]
    },
    "citation": "473.4465",
    "subdivision": "subdivision 4"
  }
]

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