HF 2535

as introduced - 87th Legislature (2011 - 2012) Posted on 02/27/2012 01:10pm

A bill for an act
relating to taxation; sales and use; local government; modifying local sales and
use tax for St. Cloud area cities; amending Laws 2005, First Special Session
chapter 3, article 5, section 37, subdivisions 2, 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2005, First Special Session chapter 3, article 5, section 37, subdivision
2, is amended to read:

Subd. 2.

Use of revenues.

(a) Revenues received from the tax authorized by
subdivision 1 by the city of St. Cloud must be used for the cost of collecting and
administering the tax and to pay all or part of the capital or administrative costs of the
development, acquisition, construction, improvement, and securing and paying debt
service on bonds or other obligations issued to finance the following regional projects as
approved by the voters and specifically detailed in the referendum authorizing the tax new text begin or
extending the tax new text end :

(1) St. Cloud Regional Airport;

(2) regional transportation improvements;

(3) new text begin regional new text end community and aquatics centers new text begin and facilities new text end ;

(4) regional public libraries; and

(5) acquisition and improvement of regional park land and open space.

(b) Revenues received from the tax authorized by subdivision 1 by the cities of St.
Joseph, Waite Park, Sartell, Sauk Rapids, and St. Augusta must be used for the cost of
collecting and administering the tax and to pay all or part of the capital or administrative
costs of the development, acquisition, construction, improvement, and securing and paying
debt service on bonds or other obligations issued to fund the projects specifically approved
by the voters at the referendum authorizing the tax new text begin or extending the tax new text end . The portion of
revenues from the city going to fund the regional airport or regional library located in the
city of St. Cloud will be as required under the applicable joint powers agreement.

(c) The use of revenues received from the taxes authorized in subdivision 1 for
projects allowed under paragraphs (a) and (b) are limited to the amount authorized for
each project under the enabling referendum.

Sec. 2.

Laws 2005, First Special Session chapter 3, article 5, section 37, subdivision 4,
is amended to read:

Subd. 4.

Termination of tax.

The tax imposed in the cities of St. Joseph, St. Cloud,
St. Augusta, Sartell, Sauk Rapids, and Waite Park under subdivision 1 expires when the
city council determines that sufficient funds have been collected from the tax to retire or
redeem the bonds and obligations authorized under subdivision 2, paragraph (a), but no
later than December 31, 2018. new text begin Notwithstanding Minnesota Statutes, section 297A.99,
subdivision 3, a city may extend the tax imposed under subdivision 1 through December
31, 2038, if approved under the referendum authorizing the tax under subdivision 1 or if
approved by voters of the city at a general election held no later than November 6, 2018.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective for the city that approves them the day after
compliance by the governing body of each city with Minnesota Statutes, section 645.021,
subdivision 3.
new text end