Minnesota Legislature
SF 1391
as introduced - 91st Legislature (2019 - 2020) Posted on 03/13/2019 04:02pm
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A bill for an act
relating to natural resources; expanding sources of financing for watershed district
construction or implementation fund and project tax levy; amending Minnesota
Statutes 2018, section 103D.905, subdivisions 5, 9.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2018, section 103D.905, subdivision 5, is amended to read:
Subd. 5.
Construction or implementation fund.
(a) A construction or implementation
fund consists of:
(1) the proceeds of watershed district bonds or notes or of the sale of county bonds;
(2) construction or implementation loans new text begin or grants new text end from the deleted text begin Pollution Control Agency
under sections 103F.701 to 103F.755,deleted text end new text begin statenew text end or from any agency of the federal government;
and
(3) special assessments, storm water charges, loan repayments, and ad valorem tax levies
levied or to be levied to supply funds for the construction or implementation of the projects
of the watershed district, including reservoirs, ditches, dikes, canals, channels, storm water
facilities, sewage treatment facilities, wells, and other works, and the expenses incident to
and connected with the construction or implementation.
(b) Construction or implementation loansnew text begin or grantsnew text end from the deleted text begin Pollution Control Agency
under sections 103F.701 to 103F.755,deleted text end new text begin statenew text end or from an agency of the federal government
may be repaid from the proceeds of watershed district bonds or notes or from the collections
of storm water charges, loan repayments, ad valorem tax levies, or special assessments on
properties benefited by the project.
Sec. 2.
Minnesota Statutes 2018, section 103D.905, subdivision 9, is amended to read:
Subd. 9.
Project tax levy.
new text begin (a) new text end In addition to other tax levies provided in this section or
in any other law, a watershed district may levy a tax:
(1) to pay the costs of projects undertaken by the watershed district deleted text begin whichdeleted text end new text begin thatnew text end are deleted text begin to bedeleted text end
funded, in whole or in part, with deleted text begin the proceeds ofdeleted text end new text begin money appropriated by law fornew text end grants or
deleted text begin construction or implementationdeleted text end loans deleted text begin under sections 103F.701 to 103F.755deleted text end new text begin to the districtnew text end ;
(2) to pay the principal of, or premium or administrative surcharge, if any, and interest
ondeleted text begin , thedeleted text end bonds deleted text begin anddeleted text end new text begin ornew text end notes issued by the watershed district deleted text begin pursuant to section 103F.725deleted text end new text begin to
repay such loansnew text end ; or
(3) to repay deleted text begin the construction or implementationdeleted text end new text begin suchnew text end loans deleted text begin under sections 103F.701 to
103F.755deleted text end .
new text begin (b) new text end Taxes levied with respect to payment of bonds and notes deleted text begin shalldeleted text end new text begin mustnew text end comply with
section 475.61.