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Office of the Revisor of Statutes

Key: (1) language to be deleted (2) new language

  

                         Laws of Minnesota 1985 

                        CHAPTER 169-H.F.No. 889 
           An act relating to local government; providing for the 
          conduct of the business of towns; providing for 
          certain town debt; authorizing certain towns to 
          provide certain services; revising various other town 
          laws; allowing certain municipalities to set shorter 
          voting hours; amending Minnesota Statutes 1984, 
          sections 160.17, subdivision 1; 160.25, subdivision 3; 
          163.11, subdivision 5a, and by adding a subdivision; 
          164.06; 204C.05, subdivision 1; 365.10; 365.37; 
          365.44; 366.095; 367.03, subdivision 2; 367.10; 
          367.23; 444.075; and 471.56, subdivisions 1 and 3; 
          proposing coding for new law in Minnesota Statutes, 
          chapter 379; repealing Minnesota Statutes 1984, 
          section 375.18, subdivisions 4, 5, and 6. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Minnesota Statutes 1984, section 160.17, 
subdivision 1, is amended to read: 
    Subdivision 1.  [PLANS AND SPECIFICATIONS TO BE FILED IN 
CERTAIN CASES.] No contract for the construction or improvement 
of any road by a county or town in which the contract price 
exceeds the amount for which sealed bids are required as 
provided in section 471.345 shall be let unless the plans and 
specifications for the construction or improvement of the county 
or county state-aid highway are on file in the office of the 
county auditor and a true copy of them available for reference 
in the office of the county highway engineer with respect to 
county and county state-aid highways, and the plans and 
specifications for the construction or improvement of the town 
road are on file with the town clerk with respect to town roads. 
    Sec. 2.  Minnesota Statutes 1984, section 160.25, 
subdivision 3, is amended to read: 
    Subd. 3.  [TUNNEL TO BE MAINTAINED BY ROAD AUTHORITY.] Any 
tunnel constructed as provided in this section under any highway 
shall be maintained by the road authority having jurisdiction 
over the highway.  A town board may charge the costs of 
maintenance of the tunnel to the users.  
    Sec. 3.  Minnesota Statutes 1984, section 163.11, 
subdivision 5a, is amended to read: 
    Subd. 5a.  [HEARINGS ON CERTAIN REVERSIONS.] Before 
adopting a resolution revoking a county highway that would 
revert in whole or in part to a town, the county board shall fix 
a date, time and place of hearing in the town where the highway 
is located to consider the revocation.  Not less than 30 days 
before the hearing, the county board shall serve notice of the 
hearing by certified mail on each member of the town board of 
supervisors.  At the hearing the town board and all interested 
persons shall be entitled to be heard and express their views on 
the proposed reversion of the highway to the town.  After the 
hearing the county board may adopt a resolution revoking the 
highway.  The resolution revoking the highway shall not be 
effective until the county has completed repairs or improvements 
on the highway that are necessary to meet the county standards 
for a comparable road in the county in which the town is located 
following conditions are met: 
    (1) The county has completed repairs or improvements on the 
highway that are necessary to meet the county standards for a 
comparable road in the county in which the town is located; and 
    (2) The county has properly recorded with the county 
recorder all county interest in real estate used for the highway.
    Sec. 4.  Minnesota Statutes 1984, section 163.11, is 
amended by adding a subdivision to read: 
    Subd. 5b.  [REVOKED HIGHWAYS; MAINTENANCE.] A county 
highway that is revoked by a county board to a town under this 
section shall be maintained by the county for a period of two 
years from the date of revocation. 
    Sec. 5.  Minnesota Statutes 1984, section 164.06, is 
amended to read: 
    164.06 [ESTABLISH, ALTER, OR VACATE BY RESOLUTION.] 
    A town board, when authorized by a vote of the electors at 
the annual meeting, or at a special meeting called for that 
purpose, may establish, alter, or vacate a town road by 
resolution, and may acquire the right-of-way as may be necessary 
for the road by gift, purchase or as provided in section 164.07. 
    Sec. 6.  Minnesota Statutes 1984, section 204C.05, 
subdivision 1, is amended to read: 
    Subdivision 1.  [OPENING AND CLOSING TIMES.] Except as 
otherwise provided in this section, at the state primary and the 
state general election the hours for voting in every precinct in 
the state shall begin at 7:00 a.m. and shall extend continuously 
until 8:00 p.m.  
    Subd. 1a.  [ELECTIONS; ORGANIZED TOWN.] The governing body 
of a town with less than 500 inhabitants according to the most 
recent federal decennial census, which is located outside the 
metropolitan area as defined in section 473.121, subdivision 2, 
may fix a later time for voting to begin at state primary, 
special, or general elections, if approved by a vote of the town 
electors at the annual town meeting.  The question of shorter 
voting hours must be included in the notice of the annual town 
meeting before the question may be submitted to the electors at 
the meeting.  The later time may not be later than 10:00 a.m. 
for special, primary, or general elections.  The town clerk 
shall either post or publish notice of the changed hours and 
notify the county auditor of the change 30 days before the 
election. 
    Subd. 1b.  [ELECTIONS; UNORGANIZED TERRITORY.] An 
unorganized territory or unorganized territories which 
constitute a voting district may have shorter voting hours if at 
least 20 percent of the registered voters residing in the voting 
district sign a petition for shorter hours and present it to the 
county auditor.  The later time may not be later than 10:00 a.m. 
for special, primary, or general elections.  The county auditor 
shall either post or publish notice of the changed hours, within 
the voting district, 30 days before the election. 
    Sec. 7.  Minnesota Statutes 1984, section 365.10, is 
amended to read: 
    365.10 [TOWN MEETINGS, POWERS.] 
    The electors of each town have power, at their annual town 
meeting: 
    (1) To determine the locations of pounds, and number of 
poundmasters, and to discontinue any such pounds; 
    (2) To select such town officers as are to be chosen; 
    (3) To make lawful orders and bylaws as they deem proper 
for restraining horses, cattle, sheep, swine, and other domestic 
animals from going at large on the highways, provide for 
impounding those animals so going at large, and to fix penalties 
for violations of the orders or bylaws; 
     (4) To vote money for the repair and construction of roads 
and bridges, and to vote such sums as they deem expedient for 
other town expenses, including the construction and maintenance 
of docks and breakwaters; 
     (5) When they deem it for the interest of the town to 
direct that a specified amount of the road tax be expended, 
under the direction of their town board, on the roads of an 
adjoining town; 
     (6) To authorize the town board to purchase or build a town 
hall or other building for the use of the town, and to 
determine, by ballot, the amount of money to be raised for that 
purpose; but, if a site for a town hall is once obtained, it 
shall not be changed for another site, except by vote therefor 
designating a new site by two-thirds of the votes cast at such 
election of the legal voters of the town; 
    (7) To authorize the town board, by vote, to purchase 
grounds for a town cemetery, and limit the price to be paid, and 
to vote a tax for the payment thereof; 
    (8) To authorize the town, either by itself or in 
conjunction with one or more other towns, to purchase grounds 
for a public park and to limit the price to be paid therefor, to 
authorize the town, alone or in conjunction with such other town 
or towns, to care for, improve, and beautify such parks, and to 
determine, by ballot, the amount of money to be raised for that 
purpose, and to vote a tax for the payment thereof; 
    (9) To vote money to aid in the construction of community 
halls, to be erected by farm bureaus, farmers clubs, or other 
like organizations;  
    (10) To vote a tax to purchase and maintain a public 
dumping ground;  
    (11) To authorize the town board, by resolution, to 
determine whether to open or maintain town roads or town 
cartways under the jurisdiction of the town board upon which no 
maintenance or construction has been conducted for 25 years or 
more.  For purposes of this clause the provisions of section 
163.16 shall not apply to town roads described in this clause, 
nor shall the provisions of this clause apply to cartways. 
Nothing in this clause shall be construed to abridge the right 
of town voters or land owners to petition for the establishment 
of a cartway as provided in section 164.08;  
    (12) To authorize the town board to spend money in an 
amount as determined by the electors for the purpose of 
commemorating an event of historical significance to the town; 
    (13) To authorize the town board to provide, by ordinance, 
for licensing and regulating the presence or keeping of dogs and 
cats and their running at large within the town; and 
    (14) To authorize the town board to contract with nonprofit 
organizations for health, social, or recreational services in an 
amount not to exceed a total of $5,000 in any year when deemed 
in the public interest and of benefit to the town. 
    Sec. 8.  Minnesota Statutes 1984, section 365.37, is 
amended to read: 
    365.37 [CONTRACTS; LET ON BIDS, OFFICERS NOT TO BE 
INTERESTED.] 
    Except as provided in sections 471.87 to 471.89, no 
supervisors, town clerk, or town board shall become a party to, 
or be directly or indirectly interested in, any contract made or 
payment voted by the town board and all contracts let on bid 
shall be let to the lowest responsible bidder after ten days 
public notice, posted in the three most public places in the 
town or published for two weeks in a newspaper generally 
circulated in the town, of the time and place of receiving bids. 
In cases of special emergency, a contract may be let without the 
notice being given or sealed bids solicited.  Every contract 
made and payment voted or made contrary to the provisions of 
this section shall be void and any such officer violating the 
provisions of this section shall be guilty of a misdemeanor and, 
in addition to the provisions prescribed by law, removed from 
office. 
    Sec. 9.  Minnesota Statutes 1984, section 365.44, is 
amended to read: 
    365.44 [SEPARATION FROM A STATUTORY CITY.] 
    Upon filing with the clerk of any town, except in any town 
having an area of more than two congressional townships and an 
assessed valuation of more than $1,500,000 or having a 
population of more than 1,000 including the population of any 
statutory city located within the town, of a notice, signed by 
not less than 50 town voters thereof residing either within or 
without the statutory city to be separated stating that the 
question of the separation of such the town for all purposes 
from any statutory city located therein within the town will be 
voted upon at the next annual town meeting, the clerk shall 
insert such the statement in the notice of such the meeting, and 
the question shall be voted upon by a ballot.  If a majority of 
the votes cast upon such the proposition be in favor of the 
separation, such the town shall thereafter be separated 
from such the statutory city for all purposes.  Only voters 
residing without the statutory city shall be entitled to may 
vote upon such the question at said the town meeting.  
    Sec. 10.  Minnesota Statutes 1984, section 366.095, is 
amended to read: 
    366.095 [FINANCING PURCHASE OF CERTAIN EQUIPMENT.] 
    The town board may issue certificates of indebtedness 
within the existing debt limits for the purpose of purchasing 
fire or police equipment or ambulance equipment or road 
construction or maintenance equipment a town purpose otherwise 
authorized by law.  The certificates shall be payable in not 
more than five years and shall be issued on the terms and in the 
manner as the board may determine.  If the amount of the 
certificates to be issued to finance the purchase exceeds one 
percent of the assessed valuation of the town, excluding money 
and credits, they shall not be issued for at least ten days 
after publication in a newspaper of general circulation in the 
town of the board's resolution determining to issue them; and if 
before the end of that time, a petition asking for an election 
on the proposition signed by voters equal to ten percent of the 
number of voters at the last regular town election is filed with 
the clerk, the certificates shall not be issued until the 
proposition of their issuance has been approved by a majority of 
the votes cast on the question at a regular or special 
election.  A tax levy shall be made for the payment of the 
principal and interest on the certificates as in the case of 
bonds.  
    Sec. 11.  Minnesota Statutes 1984, section 367.03, 
subdivision 2, is amended to read: 
    Subd. 2.  [VACANCIES.] When a vacancy occurs in any a town 
office the town board shall fill the same vacancy by appointment.
The person so appointed shall hold his office until the next 
annual town meeting and until his successor qualifies; provided, 
that when a successor shall be elected to hold office for the 
unexpired term.  A vacancy in the office of supervisor shall be 
filled by the remaining supervisors and the town clerk until the 
next annual town meeting, when his successor shall be elected to 
hold for the unexpired term.  When, because of a vacancy, more 
than one supervisor is to be chosen at the same election, 
candidates for the offices of supervisor shall file for one of 
the specific terms being filled.  Law enforcement vacancies 
shall be filled by appointment by the town board. 
    Sec. 12.  Minnesota Statutes 1984, section 367.10, is 
amended to read: 
    367.10 [TOWN CLERK; BOND; OATH.] 
    Every town clerk, before beginning the duties of the 
office, shall give bond to the town in an amount to be 
determined by the town board, conditioned for the faithful 
discharge of the duties of clerk.  The bond, with the oath of 
office, shall be filed with the county auditor. 
    Sec. 13.  Minnesota Statutes 1984, section 367.23, is 
amended to read: 
    367.23 [BONDS, HOW EXECUTED.] 
    Every bond required of a town officer shall be executed to 
the town by its name and, when no other provision is made, shall 
be in a sum fixed by the town board; and, if none is fixed, then 
in the sum of the bond of the last incumbent of the office. 
Every bond shall be approved by the chairman and filed with the 
town clerk within the time prescribed for filing the oath of 
office, except the bonds of the clerk and the treasurer, which 
shall be filed with the county auditor.  Whenever the town board 
deems any bond insufficient, it may require an additional bond 
to be made and filed, in a sum, and within a time not less than 
ten days, to be fixed by it. 
    Sec. 14.  [379.045] [FIRST TOWN MEETING; ELECTION OF 
OFFICERS.] 
    The first town meeting and election of officers in each new 
town shall be held as provided in sections 365.50 and 367.03, 
subdivision 1. 
    Sec. 15.  Minnesota Statutes 1984, section 444.075, is 
amended to read: 
    444.075 [WATERWORKS SYSTEMS, MAIN SEWERS, SEWAGE DISPOSAL 
PLANTS.] 
    Subdivision 1.  [DEFINITIONS.] For purposes of this 
section, the term "municipality" means a home rule charter or 
statutory city or a town located in a metropolitan county as 
defined in section 473.121, subdivision 4.  The term "governing 
body" means the town board of supervisors with respect to towns. 
    Subd. 1a.  [AUTHORIZATION.] Any home rule charter city, 
except cities of the first class, or any statutory city may 
build, construct, reconstruct, repair, enlarge, improve, or in 
any other manner obtain 
    (i) waterworks systems, including mains, valves, hydrants, 
service connections, wells, pumps, reservoirs, tanks, treatment 
plants, and other appurtenances of a waterworks system, 
    (ii) sewer systems, sewage treatment works, disposal 
systems, and other facilities for disposing of sewage, 
industrial waste, or other wastes, and 
    (iii) storm sewer systems, including mains, holding areas 
and ponds, and other appurtenances and related facilities for 
the collection and disposal of storm water, all hereinafter 
called facilities, and maintain and operate the same facilities 
inside or outside its corporate limits, and acquire by gift, 
purchase, lease, condemnation or otherwise any and all land and 
easements required for that purpose.  The authority hereby 
granted shall be is in addition to all other powers with 
reference to the facilities otherwise granted by the laws of 
this state or by the charter of any city municipality.  The 
authority granted in clause (iii) to cities municipalities which 
have territory within a watershed which has adopted a watershed 
plan pursuant to section 473.878 shall be exercised, with 
respect to facilities acquired following the adoption of the 
watershed plan, only for facilities which are not inconsistent 
with the watershed plan.  The authority granted in clause (iii) 
to cities municipalities which have adopted local water 
management plans pursuant to section 473.879 shall be exercised, 
with respect to facilities acquired following the adoption of a 
local plan, only for facilities which are not inconsistent with 
the local plan.  Counties, except counties in the seven county 
metropolitan area, shall have the same authority granted to 
cities municipalities by this subdivision except for areas of 
the county organized into cities and areas of the county 
incorporated within a sanitary district established by special 
act of the legislature.  
    Subd. 2.  [FINANCING.] For the purpose of paying the cost 
of building, constructing, reconstructing, repairing, enlarging, 
improving, or in other manner obtaining such the facilities or 
any portion thereof of them, any such city a municipality or 
county may issue and sell its general obligations, which may be 
made payable primarily from taxes or from special assessments to 
be levied to pay the cost of the facilities or from net revenues 
derived from water or sewer service charges or from any other 
nontax revenues pledged for their payment under charter or other 
statutory authority, or from any two or more of such the sources;
or it may issue special obligations, payable solely from such 
taxes or special assessments or from such revenues, or from any 
two or more of such the sources.  Real estate tax revenues 
should be used only, and then on a temporary basis, to pay 
general or special obligations when the other revenues are 
insufficient to meet the obligations.  All such obligations 
shall be issued and sold in accordance with chapter 475.  When 
special assessments are pledged for the payment of such the 
obligations, they shall be authorized and issued in accordance 
with the further provisions of chapter 429, or of 
the municipality's city's charter if it authorizes such these 
obligations and the governing body determines to 
proceed thereunder under the charter.  When net revenues are 
pledged to the payment of the obligations, together with or 
apart from taxes and special assessments, such the pledge shall 
be made in accordance with the further provisions of subdivision 
3.  
    Subd. 3.  [CHARGES; NET REVENUES.] For the purpose of 
paying To pay for the construction, reconstruction, repair, 
enlargement, improvement, or other obtainment and the 
maintenance, operation and use of such the facilities, the 
governing body of any such city a municipality or county shall 
have authority to may impose just and equitable charges for the 
use and for the availability of such the facilities and for 
connections therewith with them and to make contracts for such 
the charges as hereinafter provided in this section.  Such The 
charges may be imposed with respect to facilities made available 
by agreement with other municipalities, counties or private 
corporations or individuals, as well as those owned and operated 
by the city municipality or county itself.  Charges made for 
service directly rendered shall be as nearly as possible 
proportionate to the cost of furnishing the same service, and 
sewer charges may be fixed on the basis of water consumed, or by 
reference to a reasonable classification of the types of 
premises to which service is furnished, or by reference to the 
quantity, pollution qualities and difficulty of disposal of 
sewage and storm water produced, or on any other equitable basis 
including, but without limitation, any combination of those 
referred to above.  Minimum charges for the availability of 
water or sewer service may be imposed for all premises abutting 
on streets or other places where municipal or county water mains 
or sewers are located, whether or not connected thereto to 
them.  Charges for connections to the facilities may in the 
discretion of the governing body be fixed by reference to the 
portion of the cost thereof of connection which has been paid by 
assessment of the premises to be connected, in comparison with 
other premises, as well as the cost of making or supervising the 
connection.  The governing body may make any such the charges a 
charge against the owner, lessee, occupant or all of them and 
may provide and covenant for certifying unpaid charges to the 
county auditor with taxes against the property served for 
collection as other taxes are collected.  The governing body may 
fix and levy taxes for the payment of reasonable charges to the 
municipality or county itself for the use and availability of 
the facilities for fire protection, for maintaining sanitary 
conditions, and for proper storm water drainage in and for 
public buildings, parks, streets, and other public places.  In 
determining the reasonableness of the charges to be imposed, the 
governing body may give consideration to all costs of the 
establishment, operation, maintenance, depreciation and 
necessary replacements of the system, and of improvements, 
enlargements and extensions necessary to serve adequately the 
territory of the city municipality or county including the 
principal and interest to become due on obligations issued or to 
be issued therefor.  When net revenues have been appropriated to 
the payment of the cost of the establishment, or of any 
specified replacement, improvement, enlargement or 
extension thereof, or to pay the principal and interest due on 
obligations to be issued for such purpose, no charges imposed to 
produce net revenues adequate for such the purpose shall be 
deemed unreasonable by virtue of the fact that the project to be 
financed has not been commenced or completed, if 
proceedings therefor for it are taken with reasonable dispatch 
and the project, when completed, may be expected to make service 
available to the premises charged which will have a value 
reasonably commensurate with such the charges.  All such 
charges, when collected, and all moneys received from the sale 
of any facilities or equipment or any by-products thereof, shall 
be placed in a separate fund, and shall be used first to pay the 
normal, reasonable and current costs of operating and 
maintaining the facilities.  The net revenues from time to time 
received in excess of such the costs may be pledged by 
resolutions of the governing body, or may be used though not so 
pledged, for the payment of principal and interest on 
obligations issued as provided in subdivision 2, or to pay such 
the portion of said the principal and interest as may be 
directed in such the resolutions, and net revenues derived from 
any facilities of the types listed in subdivision 1 1a, whether 
or not financed by the issuance of such the obligations, may be 
pledged or used to pay obligations issued for other facilities 
of any such the same types.  In resolutions authorizing the 
issuance of either general or special obligations and pledging 
net revenues thereto to them, the governing body may make such 
covenants for the protection of holders of the obligations and 
taxpayers of the municipality or county as it deems necessary, 
including, but without limitation, a covenant that the 
municipality or county will impose and collect charges of the 
nature herein authorized by this section at the times and in the 
amounts required to produce, together with any taxes or special 
assessments designated as a primary source of payment of the 
obligations, net revenues adequate to pay all principal and 
interest when due on the obligations and to create and 
maintain such reserves securing said the payments as may be 
provided in said the resolutions.  When such a covenant is made 
it shall be enforceable by appropriate action on the part of any 
holder of the obligations or any taxpayer of the municipality or 
county in a court of competent jurisdiction, and the obligations 
shall be deemed to be payable wholly from the income of the 
system whose revenues are so pledged, within the meaning of 
sections 475.51 and 475.58.  
    Subd. 4.  [LEVY ASSESSMENTS.] The governing body of any 
such city a municipality or county may also levy assessments 
against property within the city municipal or county limits 
benefited by such the facilities under the procedure authorized 
by law or charter with reference to other assessments for 
benefits of local improvements, may transfer and use for the 
purposes hereof surplus funds of the city municipality or county 
not specifically dedicated to any other another purpose, and may 
levy taxes on property within the city municipal or county 
limits for such the purposes within the limitations of section 
275.11; except that of the taxes so levied, including taxes 
initially levied under section 475.61 for the payment of the 
principal and interest on the bonds issued therefor and interest 
thereon, an amount equal to 35 percent of the total cost of the 
construction, reconstruction, repair, enlargement, improvement, 
or other obtainment of any such the facilities, plus an amount 
sufficient to pay the interest on the bonds issued in an amount 
equal to 35 percent of the total cost of the construction, 
reconstruction, repair, enlargement, improvement, or other 
obtainment of any such the facilities, shall not be included in 
computing the levies subject to the limitations of such section 
275.11.  Any such city A municipality or county may contract 
with any person, company or corporation for the purposes and 
under the restrictions set forth in subdivision 5.  Any such The 
contract shall be binding upon the parties thereto to it for the 
full term agreed upon but in no event more than 30 years, and 
shall not be changed by either party without the consent of the 
other party.  
    Subd. 5.  [CONNECTION WITH FACILITIES; CHARGES.] Any such 
city A municipality or county is hereby authorized to may permit 
any a person, company or corporation located and doing business 
inside or outside of the city municipal or county limits to 
connect with such the facilities and make use of the same them 
upon such terms and upon the payment of such fees and charges 
therefor as may be prescribed or contracted for by the city 
municipality or county, and to contract with any such a person, 
company or corporation for the payment by such the person, 
company or corporation of a part of the cost of construction, 
maintenance or use of such the facilities and to receive 
from such the person, company or corporation doing business 
inside or outside of the city municipal or county limits payment 
in cash or installments of such the portion of the cost of the 
construction, maintenance or use thereof as may be agreed upon 
or contracted for with the city municipality or county and 
devote the money so received to the purpose of such the 
construction, maintenance or use.  The proportionate cost of 
construction, maintenance or use of such the facilities to be 
paid by such the person, company, or corporation may be made 
payable in installments due at not greater than annual intervals 
for a period not to exceed 30 years.  Any such A person, company 
or corporation which may pay any part of the cost of 
construction, maintenance or use of such the facilities in the 
manner aforesaid described, shall thereafter have the right to 
use such the facilities for the disposal or treatment of his, 
their or its sewage, industrial waste, or other wastes, by the 
city municipality or county upon the payment of reasonable 
charges for the use of such the facilities or the charges 
contracted for in case there is a contract as herein provided in 
this subdivision.  Any such city A municipality or county may 
contract with any other city another municipality or county for 
the joint or cooperative obtainment or use of such facilities 
without limitation of time.  
    Sec. 16.  Minnesota Statutes 1984, section 471.56, 
subdivision 1, is amended to read: 
    471.56 [MUNICIPAL FUNDS.] 
    Subdivision 1.  Any municipal funds, not presently needed 
for other purposes, may be deposited or invested in the manner 
and subject to the conditions provided in section 475.66 for the 
deposit and investment of debt service funds.  The term 
"municipal funds" as used herein shall include all general, 
special, permanent, trust, and other funds, regardless of source 
or purpose, held or administered by any county or, city, or town 
or by any officer or agency thereof, in the state of Minnesota. 
    Sec. 17.  Minnesota Statutes 1984, section 471.56, 
subdivision 3, is amended to read: 
    Subd. 3.  Such county, city, town, or official or agency 
thereof, may at any time sell obligations purchased pursuant to 
this section, and the money received from such sale, and the 
interest and profits or loss on such investment shall be 
credited or charged, as the case may be, to the fund from which 
the investment was made.  Neither such official nor agency, nor 
any other official responsible for the custody of such funds 
shall be personally liable for any loss sustained from the 
deposit or investment of funds in accordance with the provisions 
of section 475.66. 
    Sec. 18.  [REPEALER.] 
    Minnesota Statutes 1984, section 375.18, subdivisions 4, 5, 
and 6, are repealed. 
    Approved May 21, 1985