HF 3029

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/10/2022 05:08pm

A bill for an act
relating to environment; increasing the maximum amount of a watershed district
general fund tax levy; amending Minnesota Statutes 2020, section 103D.905,
subdivision 3.

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

Section 1.

Minnesota Statutes 2020, section 103D.905, subdivision 3, is amended to read:

Subd. 3.

General fund.

A general fund, consisting of an ad valorem tax levy, may not
exceed 0.048 percent of estimated market value, or deleted text begin $250,000 deleted text end new text begin $500,000 new text end , whichever is less.
The money in the fund shall be used for general administrative expenses and for the
construction or implementation and maintenance of projects of common benefit to the
watershed district. The managers may make an annual levy for the general fund as provided
in section 103D.911. In addition to the annual general levy, the managers may annually
levy a tax not to exceed 0.00798 percent of estimated market value for a period not to exceed
15 consecutive years to pay the cost attributable to the basic water management features of
projects initiated by petition of a political subdivision within the watershed district or by
petition of at least 50 resident owners whose property is within the watershed district.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2022.
new text end