HF 463

as introduced - 89th Legislature (2015 - 2016) Posted on 01/29/2015 01:56pm

A bill for an act
relating to state and local government; limiting amount a public agency may pay
to acquire real property or an interest in real property; proposing coding for
new law in Minnesota Statutes, chapter 15; repealing Minnesota Statutes 2014,
section 16B.297.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [15.0541] PURCHASE OF PROPERTY.
new text end

new text begin Notwithstanding any other provision in law or rule, a public agency, as defined in
section 15.71, subdivision 3, authorized to acquire real property or an interest in real
property with public money, that is purchasing real property, shall not pay more than the
county-assessed value of the real property.
new text end

Sec. 2. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2014, section 16B.297, new text end new text begin is repealed.
new text end