2014 Minnesota Statutes

11A.21 INVESTMENT OF HIGHWAY FUNDS.

Subdivision 1.Certification.

The commissioner of transportation shall certify to the state board those portions of the highway user tax distribution fund established pursuant to article XIV, section 5 of the Constitution of the state of Minnesota; the trunk highway fund established pursuant to article XIV, section 6 of the Constitution of the state of Minnesota; the county state-aid highway fund established pursuant to article XIV, section 7 of the Constitution of the state of Minnesota; and the municipal state-aid street fund established pursuant to article XIV, section 8 of the Constitution of the state of Minnesota, which in the judgment of the commissioner are not required for immediate use.

Subd. 2.Investment.

The certified amount of highway funds not currently needed shall be invested by the state board subject to the provisions of section 11A.25.

History:

1980 c 607 art 14 s 19; 1993 c 266 s 14