Legislative Session number- 89

Bill Name: SF0146

"Minnesota All-Government Bond Act"; providing an alternative general system to
issue state and local debt obligations; defining certain terms; establishing the
Minnesota all-government debt financing fund and specifying certain duties of
the commissioner of management and budget (MMB) and the state board of
investment; authorizing the commissioner to issue bonds to finance state
projects authorized by the legislature and implement the political subdivision
loan program, providing regulations for authority, manner of issue, issuance and
market expenses, form and nature of bonds, bondholder indemnification, partial
redemption and purchase by institutions; regulating loan authorizations;
providing a loan authorization process for applications from
political
subdivisions; providing for bond authorization; creating the
Minnesota all-government bond repayment account; authorizing the state auditor
to impose a levy on taxable property; authorizing the issuance of certificates
of indebtedness; providing regulations for political subdivisions defaults on
repayment; appropriating money to the commissioner
(me)