Minnesota Legislature
SF 274
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Current Version - as introduced
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A bill for an act
relating to the city of Proctor; authorizing sales
taxes; amending Laws 1999, chapter 243, article 4,
section 18, subdivisions 1, 3, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 1999, chapter 243, article 4, section 18,
subdivision 1, is amended to read:
Subdivision 1.
Sales and use tax.
new text begin (a) new text end Notwithstanding
Minnesota Statutes, section deleted text begin 297A.48, subdivision 1a,deleted text end 477A.016,
or any other provision of law, ordinance, or city charter, if
approved by the city voters at the first municipal general
election held after the date of final enactment of this act or
at a special election held November 2, 1999, the city of Proctor
may impose by ordinance a sales and use tax of up to one-half of
one percent for the purposes specified in subdivision 3new text begin ,
paragraph (a)new text end . The provisions of Minnesota Statutes,
section deleted text begin 297A.48 deleted text end new text begin 297A.99new text end , govern the imposition, administration,
collection, and enforcement of the tax authorized under this
subdivision.
new text begin
(b) The city of Proctor may impose by ordinance an
additional sales and use tax of up to one-half of one percent if
approved by the city voters at a general election or at a
special election held for this purpose. The revenues received
from this additional tax must be used for the purposes specified
in subdivision 3, paragraph (b).
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day
following final enactment, upon compliance by the city of
Proctor with Minnesota Statutes, section 645.021, subdivision 3.
new text end
Sec. 2.
Laws 1999, chapter 243, article 4, section 18,
subdivision 3, is amended to read:
Subd. 3.
Use of revenues.
new text begin (a) new text end Revenues received from
taxes authorized by subdivisions 1new text begin , paragraph (a),new text end and 2 must be
used by the city to pay the cost of collecting the taxes and to
pay for construction and improvement of the following city
facilities:
(1) streets; and
(2) constructing and equipping the Proctor community
activity center.
Authorized expenses include, but are not limited to,
acquiring property, paying construction and operating expenses
related to the development of an authorized facility, and paying
debt service on bonds or other obligations, including lease
obligations, issued to finance the construction, expansion, or
improvement of an authorized facility. The capital expenses for
all projects authorized under this paragraph that may be paid
with these taxes is limited to $3,600,000, plus an amount equal
to the costs related to issuance of the bonds.
new text begin
(b) Revenues received from taxes authorized by subdivision
1, paragraph (b), must be used by the city to pay the cost of
collecting the taxes and for construction and improvements of
city streets, public utilities, sidewalks, bikeways, and trails.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day
following final enactment, upon compliance by the city of
Proctor with Minnesota Statutes, section 645.021, subdivision 3.
new text end
Sec. 3.
Laws 1999, chapter 243, article 4, section 18,
subdivision 4, is amended to read:
Subd. 4.
Bonding authority.
(a) The city may issue bonds
under Minnesota Statutes, chapter 475, to finance the capital
expenditure and improvement projects described in subdivision
3. An election to approve the bonds under Minnesota Statutes,
section 475.58, is not required.
(b) The issuance of bonds under this subdivision is not
subject to Minnesota Statutes, sections 275.60 and deleted text begin 279.61 deleted text end new text begin 275.61new text end .
(c) The bonds are not included in computing any debt
limitation applicable to the city, and the levy of taxes under
Minnesota Statutes, section 475.61, to pay principal of and
interest on the bonds is not subject to any levy limitation.
(d) new text begin For projects described in subdivision 3, paragraph (a),
new text end
the aggregate principal amount of bonds, plus the aggregate of
the taxes used directly to pay eligible capital expenditures and
improvements, may not exceed $3,600,000, plus an amount equal to
the costs related to issuance of the bonds, including interest
on the bonds. new text begin For projects described in subdivision 3,
paragraph (b), the aggregate principal amount of bonds may not
exceed $7,200,000, plus an amount equal to the costs related to
issuance of the bonds, including interest on the bonds.
new text end
(e) The sales and use and excise taxes authorized in this
section may be pledged to and used for the payment of the bonds
and any bonds issued to refund them only if the bonds and any
refunding bonds are general obligations of the city.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day
following final enactment, upon compliance by the city of
Proctor with Minnesota Statutes, section 645.021, subdivision 3.
new text end