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SF 1520

as introduced - 87th Legislature (2011 - 2012) Posted on 05/09/2012 03:16pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - as introduced

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A bill for an act
 relating to local government; extending and increasing the annual maximum debt
the city of Saint Paul may issue; amending Laws 1971, chapter 773, section
1, subdivision 2, as amended.

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

Section 1.

Laws 1971, chapter 773, section 1, subdivision 2, as amended by Laws
1974, chapter 351, section 5, Laws 1976, chapter 234, sections 1 and 7, Laws 1978,
chapter 788, section 1, Laws 1981, chapter 369, section 1, Laws 1983, chapter 302,
section 1, Laws 1988, chapter 513, section 1, Laws 1992, chapter 511, article 9, section
23, Laws 1998, chapter 389, article 3, section 27, and Laws 2002, chapter 390, section
23, is amended to read:


Subd. 2. For each of the years deleted text begin 2003 to 2013deleted text end new text begin 2012 to 2024new text end , the city of St. Paul is
authorized to issue bonds in the aggregate principal amount of deleted text begin $20,000,000deleted text end new text begin $30,000,000new text end
for each year.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after final enactment.
 new text end