SF 1561

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Mankato; changing the
expiration date for the local sales tax; amending Laws
1991, chapter 291, article 8, section 27, subdivision
4.

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

Section 1.

Laws 1991, chapter 291, article 8, section 27,
subdivision 4, is amended to read:

Subd. 4.

Expiration of taxing authority and expenditure
limitation.

The authority granted by subdivisions 1 and 2 to
the city to impose a sales tax and an excise tax shall expire new text begin on
the earlier of (1) December 31, 2018; (2) new text end when the principal and
interest on any bonds or obligations issued to finance
construction of Riverfront 2000 and related facilities have been
paid new text begin ; new text end or new text begin (3) new text end at an earlier time as the city shall, by ordinance,
determine. deleted text begin The total capital, administrative, and operating
expenditures payable from bond proceeds and revenues received
from the taxes authorized by subdivisions 1 and 2, excluding
investment earnings on bond proceeds and revenues, shall not
exceed $25,000,000 for Riverfront 2000 and related facilities.
deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance
by the Mankato City Council with the provisions in section 2
and, if required under section 2, approval of the voters at a
general or special election.
new text end

Sec. 2. new text begin REVERSE REFERENDUM; CHANGE IN MANKATO SALES TAX
EXPIRATION DATE.
new text end

new text begin For the change in section 1 to be effective, the Mankato
City Council must pass a resolution stating that they intend to
implement the change in the expiration date of the local sales
tax authorized under section 1. The resolution must indicate
when the sales tax would expire under the law before any change,
and when it will expire under the authorized change in the law.
The resolution must be published for two successive weeks in the
official newspaper of the city or, if there is no official
newspaper, in a newspaper of general circulation in the city,
together with a notice fixing a date for a public hearing on the
matter. The hearing must be held at least two weeks but no more
than four weeks after the first publication of the resolution.
Following the public hearing, the city may determine to take no
further action or adopt a resolution confirming its intention to
extend the expiration date of the sales tax. That resolution
must also be published in the official newspaper of the city or,
if there is no official newspaper, in a newspaper of general
circulation in the city. If within 30 days of publication of
the resolution a petition signed by voters equal in number to at
least ten percent of the votes cast in the city in the last
general election requesting a vote on the resolution is filed
with the county, the resolution is not effective until it has
been submitted to the voters at a general or special election
and a majority of votes cast on the question of approving the
resolution are in the affirmative. The commissioner of revenue
shall prepare a suggested form of question to be presented at
the election. The notices, hearing, and any required referendum
must be held before December 31, 2005.
new text end

new text begin Notwithstanding any other law or charter provision, the
taxes imposed under Laws 1991, chapter 291, article 8, section
27, shall not expire before December 31, 2005. However, if the
city has not met the requirements in this section for adopting
the change in the effective date allowed in section 1, the tax
shall expire after December 31, 2005, as soon as is feasible
under Minnesota Statutes, section 297A.99, subdivision 12.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after
compliance by the city of Mankato with Minnesota Statutes,
section 645.021, subdivision 3.
new text end