1E Relating to public finance; providing terms and conditions relating to the issuance of obligations and the financing of public improvements and services; modifying certain collateral amount requirements for the deposit of local public funds; extending the time for repayment of certain school district certificates or notes for equipment purchases; extending the time for certain publications of a public notice; modifying the definition of subordinate service district and defining special services for towns; modifying certain requirements for the establishment of a subordinate service districts by town boards and specifying certain duties of town boards, authorizing the issuance of bonds and certain covenants to secure obligations for subordinate service districts; modifying county subordinate service districts provisions, authorizing the issuance of bonds and certain covenants to secure obligations for subordinate service districts; extending the time for repayment of Hennepin county equipment acquisition capital notes, modifying the definition of equipment; eliminating the expiration date for a home rule charter city and city councils to issue capital notes for software; modifying the definition of city for municipal gas distribution purposes; authorizing political subdivisions with an actuarial liability to pay postemployment benefits to create a trust to pay benefits; providing for a trust administrator; specifying account maintenance and investment provisions; providing for a limit on deposit, withdrawal of funds and termination of account and the status of the irrevocable fund; providing for the validation of trusts; authorizing the metropolitan council to issue certificates of indebtedness, bonds or other obligations for capital expenditures as prescribed in the council regional transit master plan and the transit capital improvement program, amount limit; authorizing municipalities to issue bonds for postemployment benefits to retired officers and employees; modifying certain conditions for street reconstruction financing obligations; authorizing the town of Crane Lake in St. Louis county to issue certificates of indebtedness for property acquisition related to land exchange with the United States forest service, requiring a tax levy to pay the principal and interest; authorizing the city of Winsted to issue bonds to finance the acquisition and betterment of a facility consisting of a city hall, community center and police station; for park improvements including trails and an amphitheater, related public improvements and landscaping for the improvements
(rt)