Section 398A.10 Transit Funding
398A.10 TRANSIT FUNDING.
Subdivision 1.Capital costs.
A county regional railroad authority may not contribute more than ten percent of the capital costs of a light rail transit or commuter rail project. This subdivision does not apply to a light rail transit project for which a county regional railroad authority commits to providing an amount greater than ten percent of the capital costs, if the commitment (1) is made before October 2, 2008, (2) is made as part of an application for federal funds, and (3) is adjusted by the county regional railroad authority to meet the requirements of this subdivision as part of the next scheduled federal funding application for the project.
Subd. 2.Operating and maintenance costs.
A county regional railroad authority may not contribute any funds to pay the operating and maintenance costs for a light rail transit or commuter rail project. If a county regional railroad authority is contributing funds for operating and maintenance costs on a light rail transit or commuter rail project on February 25, 2008, the authority may continue to contribute funds for these purposes until January 1, 2009.
Subd. 3.Application.
This section only applies to a county that has imposed the metropolitan transportation sales and use tax under section 297A.992.
History:
2008 c 152 art 6 s 7; 2008 c 287 art 1 s 114