Minnesota Legislature
SF 3752
as introduced - 84th Legislature (2005 - 2006) 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 Hermantown; modifying the use of its local sales tax
revenues; amending Laws 1996, chapter 471, article 2, section 29, subdivisions
1, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 1996, chapter 471, article 2, section 29, subdivision 1, is amended to
read:
Subdivision 1. Sales tax authorized. Notwithstanding Minnesota Statutes, section
477A.016, or any other contrary provision of law, ordinance, or city charter, the city of
Hermantown may, by ordinance, impose an additional sales tax of up to one percent
on sales transactions taxable pursuant to Minnesota Statutes, chapter 297A, that occur
within the city. The proceeds of the tax imposed under this section must be used to
meet the costs of:
(1) extending a sewer interceptor line;
(2) construction of a booster pump station, reservoirs, and related improvements
to the water system; and
(3) construction of a new text begin building containing a new text end police and fire stationnew text begin and an
administrative services facilitynew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment,
upon compliance with Minnesota Statutes, section 645.021, subdivision 3, by the city of
Hermantown.
new text end
Sec. 2.
Laws 1996, chapter 471, article 2, section 29, subdivision 4, is amended to read:
Subd. 4. Termination. The tax authorized under this section terminates deleted text begin at the later
of (1) ten years after the date of initial imposition of the tax, or (2) on the first day of the
second month next succeeding a determination by the city council that sufficient funds
have been received from the tax to finance the improvements described in subdivision 1,
clauses (1) to (3), and to prepay or retire at maturity the principal, interest, and premium
due on any bonds issued for the improvementsdeleted text end new text begin on March 31, 2026new text end . Any funds remaining
after completion of the improvements and retirement or redemption of the bonds may
be placed in the general fund 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 with Minnesota Statutes, section 645.021, subdivision 3, by the city of
Hermantown.new text end