Section 1 provides that a city that had 5,000 population before the decennial census, and has fewer than 5,000 according to the census, is deemed to have 5,000 population (and is thus eligible for MSAS aid) until the end of the fourth year of the decade. This section is effective July 1, 2012.
Section 2 states that, for the purpose of calculating a city’s allocation (based 50 percent on population), a city receiving MSAS funds has a population equal to the greater of 5,000 or as otherwise determined by statute. This section is effective July 1, 2012.
Section 3 changes the law relating to repayment of city-issued bonds out of the city’s maintenance account in the municipal state-aid street fund, so that it applies only in years when the city receives municipal state-aid. This section is effective the day after final enactment.
Section 4 requires MnDOT to continue providing MSAS funding for debt service on bonds to a city whose population fell below 5,000 if the bonds were issued before the effective date of this section. The section is effective the day after final enactment.
Section 5 provides that a city that dropped below 5,000 population based on the 2010 federal census will receive in 2013 an amount from the MSAS fund that is equal to the sum of its 2011 MSAS allocation and the amount of its 2013 allocation under the current statutory formula. This section is effective the day after final enactment.