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

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13 LOCAL STATE-AID ROUTE STANDARDS,FINANCING 8820.1500 restore the county state-aid fund in accordance with the terms and conditions specified in the approved request. On an annual basis,the County Screening Board shall recommend to the commissioner guidance for advance funding. Subp. 9a. Advance from town bridge account. When the commissioner approves a request from the governing body of a county for the replacement,reconstruction, or reha- bilitation of a town bridge requiring funds in excess of the county's available town bridge account,the commissioner shall reimburse those expenditures in accordance with the terms and conditions specified in the approved request. Subp. 10. Advance from urban municipal funds. When the commissioner approves a request from the governing body of an eligible urban municipality for constructing an approved municipal state-aid street project requiring funds in excess of the urban munic- ipality's available balance, then, subject to limits of the law, the urban municipality may make advances from any state-aid or local funds available to the urban municipality for the construction of that project. The request for an advance must be in the form of a res- olution. Advances repaid from the turnback account must be processed according to part 8820.2900,subpart 4. The commissioner shall repay the advanced funds out of subsequent urban municipal construction account apportionments or turnback account apportionments in accordance with the terms and conditions specified in the approved request. Subp. 10a. [Renumbered subp. 9a] Subp. l Ob.Advance from municipal state-aid street fund. When the commissioner approves a request from the governing body of an eligible urban municipality for con- structing an approved municipal state-aid project requiring municipal state-aid street funds in excess of the urban municipality's available balance,then the urban municipality may re- quest to advance funds from the municipal state-aid street fund. The request for an advance must be in the form of a resolution. The commissioner shall restore the municipal state-aid street fund in accordance with the terms and conditions specified in the approved request. On an annual basis,the Municipal Screening Board shall recommend to the commis- sioner guidance for advance funding. Subp. 11. County or municipal bond account. With regard to a county or municipal bond account, a county or urban municipality that resolves to issue bonds payable from the appropriate state-aid fund in accordance with law for the purpose of establishing,locating, relocating,constructing,reconstructing,or improving state-aid streets or highways and,for a county only,constructing buildings and other facilities for maintaining a county state-aid highway under its jurisdiction, shall certify to the commissioner within 30 days following issuance of the bond, the amount of the total obligation and the amount of principal and interest that will be required annually to liquidate the bonded debt. The commissioner shall set up a bond account, itemizing the total amount of principal and interest involved and shall annually certify to the commissioner of management and budget the amount needed from the appropriate state-aid construction fund to pay the principal due on the obligation, and the amount needed from the appropriate state-aid maintenance fund to pay the current interest. The total maximum annual repayment of funds loaned from the transportation re- volving loan fund plus state-aid bond funds that may be paid with state-aid funds is limited to 90 percent of the amount of the county's or urban municipality's last annual construc- tion allotment preceding the bond issue. Proceeds from bond sales are to be expended only on approved state-aid projects and for items determined to be eligible for state-aid reim- bursement. A county or urban municipality that intends to expend bond funds on a specific state-aid project shall notify the commissioner of this intent without delay upon awarding a contract or executing a force account agreement. Upon completion of each such project, a statement of final construction costs must be furnished to the commissioner by the county or the urban municipality. Counties may only fund the portion of maintenance buildings and structures related to state-aid transportation maintenance operations. If a building or structure or any portion of it is used for other than state-aid maintenance purposes during