Section 167.41 — [Temporary]

167.41 [Temporary]

Section 167.45 — Operation Costs For Central Office Building, Payment.

167.45 OPERATION COSTS FOR CENTRAL OFFICE BUILDING, PAYMENT. The cost of operation and maintenance of the central office building for the Department of Transportation, or so much thereof as is properly attributable to the Department of Transportation, must not be paid out of the trunk highway fund. An amount sufficient to pay these costs is […]

Section 167.46 — Property Purchased With Highway Bond Proceeds.

167.46 PROPERTY PURCHASED WITH HIGHWAY BOND PROCEEDS. Subdivision 1. Definitions. (a) The definitions in this subdivision apply to this section. (b) “State trunk highway bond-financed property” means property acquired, improved, or maintained in whole or in part with the proceeds of state trunk highway bonds authorized to be issued under the Minnesota Constitution, article XIV, […]

Section 167.50 — Minnesota Trunk Highway Bonds.

167.50 MINNESOTA TRUNK HIGHWAY BONDS. Subdivision 1. Trunk highway purposes. For the purpose of providing money for trunk highway purposes, when authorized by law and requested by the commissioner of transportation, the commissioner of management and budget shall issue and sell bonds of the state of Minnesota, for the prompt payment of which, with the […]

Section 167.51 — Trunk Highway Bond Account; Transfers.

167.51 TRUNK HIGHWAY BOND ACCOUNT; TRANSFERS. Subdivision 1. Account; appropriation. The commissioner of management and budget shall maintain in the state bond fund a separate account which shall be designated the Minnesota trunk highway bond account. On the first day of December of each year there shall be transferred from the trunk highway fund to […]

Section 167.52 — Tax Levy.

167.52 TAX LEVY. The state auditor shall levy each year on all taxable property within the state whatever tax may be necessary to produce an amount sufficient, with all money then and theretofore transferred under section 167.51, and all income from the investment thereof, to pay the entire amount of principal and interest which is […]

Section 167.60 — Debt-financing Management Policy.

167.60 DEBT-FINANCING MANAGEMENT POLICY. (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 […]