Minnesota Legislature
SF 1394
as introduced - 85th Legislature (2007 - 2008) 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 , 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.
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 for the following capital improvement projects: streets; public
utilities, including water, sanitary sewer, storm sewer, and electric; sidewalks; bikeways
and trails; and parks and recreation.
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 .
(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