HF2933

Purpose of the Bill

The purpose of the bill is to allocate funds to support the operation of transit systems in greater Minnesota, ensuring they continue to function effectively even when local funding falls short.

Main Provisions

• The bill appropriates $7,500,000 for fiscal year 2026 from the general fund.
• The funds are designated for operating assistance for transit systems in greater Minnesota as specified under Minnesota Statutes section 174.24.
• The allocation is to replace funds when the local funding contributions are less than the maximum allowed percentage under the law.
• This financial support is a one-time appropriation that will remain available until June 30, 2027.

Significant Changes to Existing Law

• The bill provides specific financial backing to cover shortfalls in local funding for greater Minnesota transit systems for a limited period until mid-2027.

Relevant Terms

• Greater Minnesota transit
• Operating assistance
• Appropriation
• Local funding replacement