HF 2611

1st Engrossment - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to Anoka county; authorizing debt for an 
  1.3             emergency radio system; providing for reporting of the 
  1.4             levy. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [ANOKA COUNTY DEBT AUTHORITY.] 
  1.7      Subdivision 1.  [AUTHORITY TO INCUR DEBT.] To finance the 
  1.8   cost of designing, constructing, and acquiring public safety 
  1.9   communication system infrastructure and equipment, the governing 
  1.10  body of Anoka county may issue: 
  1.11     (1) capital improvement bonds under the provisions of 
  1.12  Minnesota Statutes, section 373.40, as if the infrastructure and 
  1.13  equipment qualified as a "capital improvement" within the 
  1.14  meaning of Minnesota Statutes, section 373.40, subdivision 1, 
  1.15  paragraph (b); and 
  1.16     (2) capital notes under the provisions of Minnesota 
  1.17  Statutes, section 373.01, subdivision 3, as if the equipment 
  1.18  qualified as "capital equipment" within the meaning of section 
  1.19  373.01, subdivision 3. 
  1.20     Subd. 2.  [TREATMENT OF LEVY.] The county may report the 
  1.21  tax attributable to any levy to pay principal and interest on 
  1.22  bonds or notes issued under this section as a separate line item 
  1.23  on the property tax statement.  The levy to pay principal and 
  1.24  interest on the notes or bonds is exempt from the limits on the 
  1.25  amount or rate of tax imposed under any other provision of law. 
  2.1      Subd. 3.  [EXPIRATION.] This section expires ten years 
  2.2   after the first year in which the county issues a note or bond 
  2.3   under this section.  The county may not issue a bond or note 
  2.4   under this section with a maturity or payment date after the 
  2.5   expiration date of this section.  No property tax may be levied 
  2.6   under this section for taxes payable in a calendar year after 
  2.7   the calendar year in which this section expires.  Expiration of 
  2.8   this section does not affect the obligation to pay or the 
  2.9   authority to collect taxes levied under this section before its 
  2.10  expiration. 
  2.11     [EFFECTIVE DATE.] This section is effective the day 
  2.12  following final enactment without local approval.