SF 3046

1st Engrossment - 92nd Legislature (2021 - 2022) Posted on 03/18/2022 09:51am

A bill for an act
relating to environment; modifying watershed district general fund tax levy
authority; amending Minnesota Statutes 2020, section 103D.905, subdivision 3.

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

Section 1.

Minnesota Statutes 2020, section 103D.905, subdivision 3, is amended to read:

Subd. 3.

General fund.

A general fund, consisting of an ad valorem tax levy, may not
exceed 0.048 percent of estimated market value deleted text begin , or $250,000, whichever is less deleted text end . The money
in the fund shall be used deleted text begin for general administrative expenses and for the construction or
implementation and maintenance of projects of common benefit to the watershed district deleted text end new text begin
to pay the costs of preparing a plan under sections 103D.401 to 103D.411, and for the costs
of implementing the projects and programs identified in an approved plan new text end . The managers
may make an annual levy for the general fund as provided in section 103D.911. deleted text begin In addition
to the annual general levy, the managers may annually levy a tax not to exceed 0.00798
percent of estimated market value for a period not to exceed 15 consecutive years to pay
the cost attributable to the basic water management features of projects initiated by petition
of a political subdivision within the watershed district or by petition of at least 50 resident
owners whose property is within the watershed district.
deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2022.
new text end