Certain limitations establishment on use of interest or investment income from transportation revenue
SF 2198 amends Minnesota law to require that interest or investment earnings from transportation revenue must be used exclusively for transportation purposes. It applies to local governments (counties, cities, townships) and specifically targets counties including Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. The bill defines "transportation revenue source" to include highway funds, transportation project grants, related taxes/fees (like vehicle registration fees), and reserves from these sources. This amendment to Minnesota Statutes sections 162.16 and 473.13 ensures that investment income from these funds cannot be diverted to non-transportation uses.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 6, 2025
Last action Mar 6, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 6, 2025
Committee
Referred to Transportation
upper
Mar 6, 2025
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ann Johnson Stewart
DDemocratic-Farmer-Labor
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