Agenda - Council - 08/08/2016 - Laserfiche WebLink

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11 LOCAL STATE-AID ROUTE STANDARDS,FINANCING 8820.1500 Subp. 6. Additional advances. On or about July 1 of each year, the commissioner shall release an additional advance from the respective maintenance accounts listed below: A. from the regular account of each county: (1) 40 percent of the available maintenance allotment, after reduction for bond interest if any; or (2) 50 percent of the available maintenance allotment, after reduction for bond interest if any, but only if the county makes the request before January 1 and agrees to file an annual maintenance expenditures report by August 1 of the following year; B. from the municipal account of each county: (1) 40 percent of the maintenance allotment from the municipal account of each county; or (2) 50 percent of the maintenance allotment but only if the county makes the request before January 1 and agrees to file an annual maintenance expenditures report by August 1 of the following year; and C. from the municipal account of each urban municipality: (1) 40 percent of the available maintenance allotment, after reduction for bond interest if any; or (2) the entire remaining available amount,after reduction for bond interest if any,to those urban municipalities receiving the minimum maintenance allocation specified in subpart 3. Subp. 7. Remaining maintenance funds. The remaining maintenance funds will be released to the counties and urban municipalities upon receipt of their report of actual main- tenance expenditures. Subp. 8. Unobligated maintenance account balance. An unobligated balance re- maining in the state-aid maintenance account to the credit of a county or urban municipal- ity, after final settlement has been made for the annual maintenance expenditures,must be automatically transferred to the construction account of that county or urban municipality. Statutory Authority: MS s 161.082; 161.083; 162.02; 162.09; 162.155;L 1983 c 17 History: 8 SR 2146; 15 SR 2596; 20 SR 1041; 23 SR 1455; 24 SR 1885; 29 SR 449 8820.1500 CONSTRUCTION FUNDS. Subpart 1. [Repealed by amendment, 8 SR 2146] Subp. 2. State-aid contracts. Upon receipt of an abstract of bids, a certification as to the execution of a contract that includes a requirement for bond,and a payment request,the commissioner shall promptly release from the funds available to the county or urban mu- nicipality up to 95 percent of the state-aid portion of the contract. Upon further receipt of a signed supplemental agreement,including by means of an electronic signature,for a major addition to the contract,or appraised values for additional right-of-way costs,the commis- sioner shall promptly release from the funds available to the county or urban municipality up to 95 percent of the state-aid portion of the supplemental agreement or right-of-way appraised value. The commissioner shall keep the remaining percentage of the state-aid share of the contract, except of approved right-of-way claims which will be paid in full upon proof of acquisition and availability of funds,until the project is 95 percent or more completed as substantiated and requested by the county or city engineer. Upon receipt of the final project acceptance and final cost determination by the county or city engineer, and upon concurrence of project acceptance by the district state aid en- gineer, the commissioner shall promptly release from the funds available any remaining money due to the state-aid portion of the contract. Subp. 3. Federal-aid contracts. Under authority of an agency agreement and acting as its agent in federal-aid operations,the commissioner may release from available state-aid