HF 2608

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to Anoka county; authorizing the issuance of 
  1.3             bonds for the construction of library buildings and an 
  1.4             annual levy for debt retirement; amending Laws 1984, 
  1.5             chapter 380, sections 1, as amended, and 2.  
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Laws 1984, chapter 380, section 1, as amended 
  1.8   by Laws 1994, chapter 505, article 6, section 27, is amended to 
  1.9   read: 
  1.10     Section 1.  [TAX.] 
  1.11     The Anoka county board may levy a tax on of not more than 
  1.12  .01 percent of the taxable market value of taxable 
  1.13  property located within the county outside of excluding any 
  1.14  taxable property taxed by any city in which is situated a for 
  1.15  the support of any free public library, to acquire, better, and 
  1.16  construct county library buildings and to pay principal and 
  1.17  interest on bonds issued for that purpose.  The tax shall be 
  1.18  disregarded in the calculation of levies or limits on levies 
  1.19  provided by Minnesota Statutes, section 373.40, or other law.  
  1.20     Sec. 2.  Laws 1984, chapter 380, section 2, is amended to 
  1.21  read: 
  1.22     Sec. 2.  [AUTHORIZATION.] 
  1.23     The Anoka county board may, by resolution adopted by a 
  1.24  four-sevenths vote, issue and sell general obligation bonds of 
  1.25  the county in the amount of $9,000,000 in the manner provided in 
  2.1   Minnesota Statutes, chapter 475, to acquire, better, and 
  2.2   construct county library buildings.  The total amount of bonds 
  2.3   outstanding at any time shall not exceed $5,000,000.  The county 
  2.4   board, prior to the issuance of any bonds authorized by section 
  2.5   1 and after adopting the resolution as provided above in this 
  2.6   section, shall adopt a resolution by majority vote of the county 
  2.7   board stating the amount, purpose and, in general, the security 
  2.8   to be provided for the bonds, and shall publish the resolution 
  2.9   once each week for two consecutive weeks in the medium of 
  2.10  official and legal publication of the county.  The bonds may be 
  2.11  issued without the submission of the question of their issuance 
  2.12  to the voters of the county library district unless within 21 
  2.13  days after the second publication of the resolution a petition 
  2.14  requesting a referendum, signed by at least ten percent of the 
  2.15  registered voters of the county, is filed with the county 
  2.16  auditor.  If a petition is filed, bonds may be issued unless 
  2.17  disapproved by a majority of the voters of the county library 
  2.18  district, voting on the question of their issuance at a regular 
  2.19  or special election.  The bonds shall not be subject to the 
  2.20  requirements of Minnesota Statutes, sections 475.57 to 475.59.  
  2.21  The maturity years and amounts and interest rates of each series 
  2.22  of bonds shall be fixed so that the maximum amount of principal 
  2.23  and interest to become due in any year, on the bonds of that 
  2.24  series and of all outstanding series issued by or for the 
  2.25  purposes of libraries, shall not exceed an amount equal to 
  2.26  three-fourths of a mill times the assessed value the lesser of 
  2.27  (i) .01 percent of the taxable market value of all taxable 
  2.28  property in the county, which was not excluding any taxable 
  2.29  property taxed in 1981 by any city for the support of any free 
  2.30  public library, as last finally equalized before the issuance of 
  2.31  the series or (ii) $1,250,000.  When the tax levy authorized in 
  2.32  this sections is collected, it shall be appropriated and 
  2.33  credited to a debt service fund for the bonds.  The tax levy for 
  2.34  the debt service fund under Minnesota Statutes, section 475.61 
  2.35  shall be reduced by the amount available or reasonably 
  2.36  anticipated to be available in the fund to make payments 
  3.1   otherwise payable from the levy pursuant to section 475.61. 
  3.2      Sec. 3.  [EFFECTIVE DATE.] 
  3.3      This act is effective the day after the chief clerical 
  3.4   officer of Anoka county complies with Minnesota Statutes, 
  3.5   section 645.021, subdivision 3.