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Bill would require transportation interest income to remain in transportation pool; committee lays it over with reporting amendment
Summary
House File 268 would direct local units that receive state transportation funds to keep interest and fee income within transportation pools and add reporting responsibilities; Representative Cagle offered an amendment adding a reporting component and the committee laid the bill over.
ST. PAUL — House File 268, introduced in committee by a member who said he authored the measure, would require local units of government that receive state transportation funds to retain fees and interest earned on those funds within the transportation pool rather than diverting the returns elsewhere.
The sponsor explained the…
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