Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2023 | Updated by FindLaw Staff
(a) By July 1, 2010, the commissioner shall develop a debt-financing management policy for trunk highway bonds, federal advanced construction funds, and other forms of highway financing based on debt or future repayment. The policy must be used by the department to guide decision making related to debt financing. The commissioner may update the policy as necessary. In developing and updating the policy, the commissioner shall consult with the commissioner of management and budget and the chairs and ranking minority members of the senate and house of representatives committees with jurisdiction over transportation finance.
(b) The debt-financing management policy must address relevant financial issues, including, but not limited to:
(1) limits on cumulative amounts of debt for the trunk highway system from all state and federal sources;
(2) eligibility of projects for debt-financing funds;
(3) allocation and use of funds;
(4) terms of debt service and methods of repayment;
(5) management of trunk highway fund balance impacts; and
(6) mitigation of risks from different forms of debt financing.
(c) Upon creation or formal revision of the debt-financing management policy, the commissioner shall distribute electronic copies to the members of the senate and house of representatives committees with jurisdiction over transportation finance, and as required for reports to the legislature under section 3.195, subdivision 1.
Cite this article: FindLaw.com - Minnesota Statutes Transportation (Ch. 160-174A) § 167.60. Debt-financing management policy - last updated January 01, 2023 | https://codes.findlaw.com/mn/transportation-ch-160-174a/mn-st-sect-167-60/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)