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Mn/DOT Minnesota's Highway <br />Finances. <br />Minn. Stat. § 475.522. <br />Public Facilities Authority. <br />Minn. Stat. ch. 446A. <br />Minn. Stat. § 446A.07. <br />Minn. Stat. § 446A.07, subd. 7. <br />Minn. Stat. § 446A.072 subd. 1. <br />Minn. Stat. § 446A.074. <br />Minn. Stat. § 446A.073. <br />Minn. Stat. § 446A.075, subd. la. <br />HANDBOOK FOR MINNESOTA CITIES <br />CHAPTER 25 <br />VIII. Federal road and bridge <br />funding sources <br />Funds for roads and bridges come to Minnesota from the federal highway <br />trust funds and from federal motor fuel taxes. There are eight area <br />transportation partnerships (ATPs), which include representatives from <br />cities and counties, the state, and other transit- related agencies. A <br />substantial amount of federal highway revenue goes to local government <br />projects. Typically, this is about $100 million or more per year. <br />A. Grant anticipation financing of <br />transportation or transit projects <br />Cities may borrow in anticipation of the receipt of federal transportation <br />grants by issuing bonds (known as GARVEE bonds). With this funding <br />tool, a city can borrow on behalf of a state agency that is to receive the <br />federal grants. The state agency pledges to pay the grant money to the city <br />or county that issued the bonds. The proceeds of the bonds then finance the <br />transportation projects, which the grants will eventually fund as well as <br />debt service, issuance costs, and funding a reserve for the project. <br />IX. State funding for infrastructure <br />The Minnesota PFA is responsible for the administration and financial <br />management of revolving loan funds and other programs to assist local <br />governments and others with the construction of public infrastructure. The <br />programs administered, in part, by PFA are: <br />• Clean Water Revolving Fund, providing below - market financing to <br />local governments to upgrade and construct wastewater treatment and <br />collection facilities, administered in conjunction with the Minnesota <br />Pollution Control Agency and based on criteria in state law. <br />• Wastewater Infrastructure Fund (WIF), providing supplemental <br />assistance to local governments for predesign, design and construction <br />of cost - effective wastewater treatment projects, including purchase of <br />land and easements. Supplemental assistance is provided in conjunction <br />with the clean water revolving fund. <br />• Total Maximum Daily Load (TMDL) Grants, providing money to <br />assist municipalities with costs for projects required by TMDL <br />implementation plans. <br />This chapter last revised 12/1/2012 <br />25:19 <br />