Minnesota Legislature
HF 590
as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:39am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/09/2009 |
Current Version - as introduced
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A bill for an act
relating to taxation; sales and use; modifying sales and use tax for the city of
Mankato; amending Laws 1991, chapter 291, article 8, section 27, subdivision 3,
as amended; Laws 2008, chapter 366, article 7, section 16, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 1991, chapter 291, article 8, section 27, subdivision 3, as amended
by Laws 1998, chapter 389, article 8, section 28, and Laws 2008, chapter 366, article
7, section 9, is amended to read:
Subd. 3.
Use of revenues.
Revenues received from taxes authorized by subdivisions
1 and 2 shall be used by the city to pay the cost of collecting the tax and to pay all or
a portion of the expenses of constructing and improving facilities as part of an urban
revitalization project in downtown Mankato known as Riverfront 2000. Authorized
expenses include, but are not limited to, acquiring property and paying relocation expenses
related to the development of Riverfront 2000 and related facilities, and securing or paying
debt service on bonds or other obligations issued to finance the construction of Riverfront
2000 and related facilities. For purposes of this section, "Riverfront 2000 and related
facilities" means a civic-convention center, an arena, a riverfront park, a technology center
and related educational facilities, and all publicly owned real or personal property that
the governing body of the city determines will be necessary to facilitate the use of these
facilities, including but not limited to parking, skyways, pedestrian bridges, lighting, and
landscaping. It also includes the performing arts theatre and the Southern Minnesota
Women's Hockey Exposition Center, deleted text begin attached to the Mankato Civic Centerdeleted text end for use by
Minnesota State University, Mankato.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day after the governing body of
the city of Mankato and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end
Sec. 2.
Laws 2008, chapter 366, article 7, section 16, subdivision 3, is amended to read:
Subd. 3.
Use of proceeds from authorized taxes.
The proceeds of any tax imposed
under subdivisions 1 and 2 shall be used by the city to pay all or a portion of the expenses
of operation and maintenance of the Riverfront 2000 and related facilities, including a
performing arts theatre and the Southern Minnesota Women's Hockey Exposition Center,
deleted text begin attached to the Mankato Civic Centerdeleted text end for use by Minnesota State University, Mankato.
Authorized expenses include securing or paying debt service on bonds or other obligations
issued to finance the construction of the facilities.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day after the governing body of
the city of Mankato and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end