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If the documented expenditures do not cover the amount received, maintenance monies will be <br />transferred back into the city's construction account. A detailed expenditure report is not required <br />for a general maintenance allocation of 25% or less. <br /> <br />MUNICIPAL INTEREST PAYMENTS ON BOND ISSUES <br /> <br />Minnesota Statutes 162.18 Bonds, Municipal Subdivision 1, states in part "All interest on the <br /> <br /> <br />To satisfy the requirements of the statutes and rules the following guidelines will be used in <br />determining the amount for maintenance. <br /> <br />CITIES THAT DO NOT SUBMIT A REQUEST <br />th <br />For cities that do not submit a request prior to December 16, the maintenance request that is on <br />file will be used. Cities that do not have a request on file will be adjusted by allowing $1500 per <br />improved mile as the minimum allocation for general maintenance. We will add bond interest <br />payments due. <br /> <br />CITIES THAT DO SUBMIT A REQUEST <br /> <br />th <br />Cities that submit a written request prior to December 16, can change the request that is on file. <br />Cities can request a lump sum payment of greater than $1,500/mile and up to 25% of the total <br />allotment (plus bond interest) without having to fill out a summary of street information. Requests <br />of 35%, or lump sum requests that end up being greater than 25%, will require that the Annual <br />Summary of Street Information be completed at the end of the maintenance year. <br /> <br />CITIES COVERING BOND INTEREST WITH LOCAL FUNDS <br /> <br />SALT requests that a city notify this office in writing prior to December 16, 2017 and submit a <br />Council Resolution by January 1, 2018 if the present and past interest due will be covered by <br />funds other than State Aid funds. <br /> <br />These instructions can also be found on the MSAS website at <br />http://www.dot.state.mn.us/stateaid/msas.html <br /> <br /> <br /> <br />