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SF 3624

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7

A bill for an act
 relating to capital investment; providing for a debt limit; proposing coding for
new law in Minnesota Statutes, chapter 16A.

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

Section 1.

new text begin [16A.6415] DEBT LIMIT.
 new text end

new text begin The annual general fund appropriation for debt service must not exceed three percent
of nondedicated revenues, as determined by the commissioner of finance.
 new text end