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SF 1257 Senate Long Description

1E Relating to public finance; modifying terms and conditions relating to issuance of obligations and financing of public improvements; providing for tax credit and interest subsidy bonds; extending the expiration date to issue bonds; subrogating the state to the issuer's rights to any federal interest subsidy payments; modifying certain mail elections requirements; modifying local government unit bond issuance requirements for airport projects; expanding the definition of capital improvement; providing for federal interest subsidy payments; expanding the leasing authority to nonprofit for cities operating a program of public recreation and playgrounds; modifying the definition of project; modifying the definition of annual volume cap; modifying the definition of manufacturing project; defining rating category for escrow account securities purposes; extending the maturity date of bond issued by St. Paul for public buildings or parking structure; increasing the bonding authority of Cook county; authorizing commissioner of finance to apply a deposit for the proposed issue of tax exempt bonds by the St. Paul port authority for District Cooling St. Paul, Inc. to an application for an allocation of tax exempt bonds by the St. Paul Port Authority for the same project; repealing certain Minneapolis special street light provisions
(ra)