Allocation of revenue from the regional transportation sales tax for student transit and replacement services modified.

HF 3264 modifies how Minnesota's regional transportation sales tax revenue is allocated. It creates a new dedicated 5.281% funding category specifically for financial assistance to the Minnesota Valley Transit Authority to support its replacement services. This funding is in addition to existing support under sections 473.388 and 473.4465, subdivision 2. The bill ensures these funds must be used exclusively for the authority's replacement services, with no retention by the Metropolitan Council. The student transit allocation (1.837% to the University of Minnesota Board of Regents) remains unchanged.