| Description:
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Report on the loan entered into under the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA), United States Code, title 23, chapter 6, or through other federal transportation loan, grant, or credit assistance programs, for a project in Nicollet County to expand a trunk highway from two lanes to four lanes.
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| Committee/Agency Jurisdiction:
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Transportation Finance
Transportation Policy
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| Note:
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The report must include the following information for the previous fiscal year:
(1) the amount of funds deposited into the federal transportation loan account and the source of the funds;
(2) the amount of funds transferred to the trunk highway fund and the date of the transfer;
(3) the amount in the account at the close of the most recent fiscal year;
(4) the amount and timing of payments made on the loan entered into pursuant to this section; and
(5) the amount held in reserve in the account.
The report must also include a recommendation of the necessary reserve amount for the current fiscal year and for the next fiscal year.
A report is only required if a loan entered into was outstanding in the previous fiscal year.
There was no loan to report as of Dec. 1, 2020, according to Minn. Management & Budget.
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