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SF 2208 Senate Long Description

E Relating to public finance; authorizing lake improvement districts with county board or joint county authority approval to exercise city powers relating to special assessments and waterworks systems to finance improvements; requiring bonds issued for bridges to be county general obligations; providing for flexibility in ballot questions relating to the issuance of bonds; clarifying the provision providing for state guarantee of county building debt; modifying hospital board membership requirements; authorizing county boards to lease hospital grounds and buildings to nonprofit or governmental hospital organizations; eliminating the requirement for voter approval of county board purchase, construction or remodeling of hospital buildings, subjecting the question of financing to certain requirements relating to public debt; authorizing county appropriations for noncounty public or nonprofit hospitals and clarifying certain borrowing and leasing authority; authorizing Hennepin county to appropriate funds and issue bonds for multijurisdictional program activities, restrictions; clarifying the use of revolving funds established by cities for waterworks or sewer system improvements; authorizing the metropolitan council to issue obligations for capital expenditures under the regional transit master plan and transit capital improvement program, limit; updating and modifying certain bonding authority allocation provisions; expanding the definition of small issue pool to include student loan bonds issued by or on behalf of the higher education services office to the definition of small issue pool and removing the bonds from the definition of public facilities pool; expanding the definition of public facilities project to facilities owned by nonprofit organizations and used for district heating or cooling; increasing the allocation amounts; eliminating the authority of entitlement issuers to use allocations for public facilities bonds; requiring submission to the housing finance agency of certain information relating to the use of mortgage revenue bond and credit certificate proceeds; clarifying the application fee payment requirement of entitlement issuers; modifying the entitlement allocation deduction requirement; requiring commissioner of finance posting on the department web site of entitlement allocation amounts in lieu of issuer notice; expanding the scoring system to enterprise zone facility projects and modifying the total score formula, providing points for projects located in incorporated or planned urban growth areas and for certain brownfield projects and projects with favorable environmental citizenship; modifying project eligibility for residential rental bond proceeds use and restricting the 15-year agreement requirement to rent or income restricted units; modifying and clarifying certain application requirements for manufacturing, housing, public facilities and unified pool allocations and modifying certain housing, small issue, public facilities and unified pool allocation requirements; reducing the public facilities pool reservation requirement; removing the exemptions for the HFA and the rural finance authority (RFA) from certain allocation return and refund deposit requirements; exempting HESO from the 120-day issuance requirements and authorizing a student loan bonds carryforward; providing for the issuance of remaining unified pool bonding authority as mortgage bonds for single family housing programs for certain cities, specifying certain duties of the HFA and clarifying the carryforward requirement; requiring entitlement issuers to notify the department of finance of allocations from current year entitlement or carryforward authority; modifying the deadline for notice to the department of the issuance of obligations, cancelling allocations and allocating bonding authority to the HFA for failure to comply; exempting the HFA from the carryforward notice requirement for the carryforward of unallocated unified pool balances; modifying the formula for public issue installments; granting the Scott and Carver county housing and redevelopment authorities economic development authority (EDA) powers and authorizing the counties to offer to the HRAs nonconservation tax-forfeited land before making the properties available to cities in the counties; authorizing the Chisago lakes joint sewage treatment commission to own and operate wastewater treatment facilities for members; authorizing and providing for the Hassan township board of supervisors to establish an economic development authority; repealing the expiration of the county capital improvement bond program (mk, ja)