174.065 CONSOLIDATED LOCAL TRANSPORTATION FINANCIALS REPORT.

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Subdivision 1. Definitions.

(a)For purposes of this section, the following terms have the meanings given.

(b)"Funding source" means an applicable tax or revenue source received by a reporting unit under sections 174.49, subdivision 3 , clause (1); 297A.9915, subdivision 4 ; 297A.993 , subdivision 1; and 398A.04, subdivision 8 .

(c)"Reporting unit" means a county, regional railroad authority, or other political subdivision that is specifically required to submit financial information under this section.

Subd. 2. Consolidated report.

(a)By March 1 annually, the commissioner must submit a report on consolidated local transportation financials to the chairs and ranking minority members of the legislative committees with jurisdiction over transportation finance and policy.

(b)At a minimum, the report must include:

(1)the information specified under subdivision 3 for each funding source;

(2)additional information as specified under section 174.49, subdivision 7 ;

(3)subtotals for each reporting unit that is required to submit financial information under this section; and

(4)totals for all reporting units.

(c)The commissioner may establish submission requirements for the financial information, which may include but is not limited to a submission deadline and a format for the fiscal details.

Subd. 3. Required financial information.

(a)At a minimum, each reporting unit must submit financial information on each funding source that includes:

(1)actual allocations or collections to the reporting unit for each of the previous five calendar years;

(2)balance actuals for each of the previous five calendar years;

(3)estimates of the amount that is expected to be allocated to or collected by the reporting unit in the current year and for the next five calendar years; and

(4)for each of the previous five calendar years, the current calendar year, and for the next five calendar years:

(i)the amount expended or proposed to be expended for each of the following, as applicable:

(A)planning, project development, construction, operation, or maintenance of guideways, as defined in section 473.4485, subdivision 1 , paragraph (d);

(B)nonguideway transit uses;

(C)active transportation uses;

(D)highway uses; and

(E)uses not otherwise specified in subitems

(A)to (D);

(ii)for each subitem under item (i), an accompanying list of completed, current, planned, and anticipated projects; and

(iii)an estimated balance of unspent or undesignated amounts from the funding source.

(b)The listing under paragraph (a), clause (4), item (ii), must include a brief identification or description of each project or program.