Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

HF 4022

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/07/2022 03:01pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf

Current Version - as introduced

Line numbers 1.1 1.2 1.3
1.4 1.5 1.6 1.7 1.8 1.9
1.10

A bill for an act
 relating to taxation; property; exempting the city of Virginia from net debt limit.

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

Section 1. CITY OF VIRGINIA; NET DEBT LIMIT EXEMPTION.

The city of Virginia may finance the construction of a public safety building in the city
of Virginia by obtaining a loan from the United States Department of Agriculture secured
by its general obligation pledge. Any bonds issued relating to this construction project or
repayment of the loan must not be included in the computation of the city's limit on net debt
under Minnesota Statutes, section 475.53, subdivision 1.

EFFECTIVE DATE.

This section is effective the day following final enactment.