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SF 3633 Senate Long Description

1E Modifying terms and conditions related to the sale of definitive drainage bonds; conforming the maturity date for bonds issued for rural public water or sewer systems to the maturity date for bonds issued for municipal water and wastewater treatment systems; modifying municipal bonds limitations on amounts; modifying the definition of market value for net debt limit determinations; specifying certain town proceedings for the creation of a subordinate service districts; modifying the definition of debt obligation; providing for the authorization of interfund loans; increasing the bonding authority of the metropolitan council to issue certificates of indebtedness, bonds or other obligations for metropolitan area transit and paratransit capital expenditures for the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington, limit; modifying the higher education services office (HESO) exemption from the 120-day issuance and carryforward requirements for student loan bonds; modifying certain limits on issuance of capitol improvement bonds; imposing a time limit and modifying certain conditions for the issuance of the proceeds of revenue bonds for school districts grants by the commissioner of the iron range resources and rehabilitation (IRRRB), authorizing grants to independent school districts #511, Aitkin, #695, Chisholm, #166, Cook County, #182, Crosby-Ironton, #696, Ely, #2154, Eveleth-Gilbert, #318, Grand Rapids, #316, Greenway, #701, Hibbing, #381, Lake Superior, #2711, Mesabi East, #712, Mt. Iron-Buhl, #319, Nashwauk/Keewatin, #2142, St. Louis County, and #706, Virginia; renaming the Carver county housing and redevelopment authority the Carver county community development agency; modifying office of higher education bond allocations temporary priority from the unified pool; specifying certain unified pool allocation award temporary priority requirements and unified pool total allocations
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