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SF 2572 Senate Long Description

E Relating to public finance; eliminating the requirement for eminent domain commissioners to be residents of the county; requiring the city of St. Paul to list the levy for the St. Paul library agency separately from the remaining amount of the city levy on proposed property tax notices; extending the authority of Ramsey and Hennepin counties to impose deed and mortgage registry taxes; increasing loan availability to local government units from certain federal funds granted to rural electric cooperatives for the construction, repair or acquisition of certain facilities and expanding authorized uses to city halls, libraries or child care facilities; specifying certain public hearing and notice requirements for the use of eminent domain by housing and redevelopment authorities; setting a maturity limit on bonds issued by HRAs for corporate purposes and extending the maturity limit on bonds issued by economic development authorities; defining related public improvements for municipal industrial development purposes, authorizing cities, counties and towns to issue revenue bonds for the improvements and expanding refinancing authority to qualifying organizations, defining qualifying organization; limiting local bond issuance for the acquisition or improvement of real property located outside corporate boundaries (extraterritorial); modifying the development purposes of the metropolitan area tax base revitalization account from commercial and industrial development to the production of affordable housing; increasing the bonding authority of the metropolitan council for transit purposes; authorizing local government units to issue obligations for street reconstruction without an election under certain conditions; clarifying the authority of counties to issue bonds without an election for jail construction; increasing the amounts allowed to be spent annually by Itasca and Koochiching counties on the promotion of tourist, agricultural and industrial development; authorizing the southwest regional development commission to levy and issue bonds to retire the remaining debt on the Prairie Expo project in Worthington; extending the capital improvement bonding authority of the city of St. Paul; modifying and clarifying certain provisions governing the Cook county hospital district; authorizing and providing for the city of South St. Paul to facilitate the construction of single family housing; authorizing and providing for the region nine development commission to establish a nonprofit corporation to reduce dependence on tax dollars in filling regional service gaps and funding rural programs by improving access to other funding sources, requiring governance of the corporation by a board of directors, requiring incorporation, specifying certain articles and bylaws requirements, employees of the corporation not to be considered public employees, authorizing the commission to enter into management contracts or lease agreements with the corporation, specifying certain statutory compliance requirements; authorizing and providing for Anoka county to issue capital improvement bonds or notes to finance the design, construction and acquisition of public safety communication system infrastructure and equipment; establishing and providing for the Alexandria lakes area economic development authority; authorizing and providing for the city of St. Paul to establish an independent library agency; providing for the use of proceeds from the sale of tax-forfeited land in St. Louis county (ja)