Minnesota Session Laws - 1986, Regular Session

  

                         Laws of Minnesota 1986 

                        CHAPTER 348-H.F.No. 2418 
           An act relating to Washington county; permitting the 
          county to finance water systems on behalf of cities 
          and towns in the county by the issuance of county 
          general obligation bonds.  
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [COUNTY WATER SYSTEMS.] 
    Washington county may under joint powers agreements with 
cities and towns acquire, construct, install, and improve water 
facilities on behalf of cities and towns in the county.  The 
county may enter into agreements with cities and towns relating 
to payment of the costs of facilities by the cities and towns 
and the administration of federal or state grant or loan funds 
received in connection with facilities.  The agreements shall be 
made under Minnesota Statutes, section 471.59.  
    Sec. 2.  [BONDS.] 
    The county board may at any time issue bonds of the county 
in the amount necessary to defray, in whole or part, the costs 
of establishing, acquiring, constructing, installing, and 
improving water systems or parts of systems in the county and 
all reasonable necessary incidental costs, incurred and to be 
incurred including, without limitation, the costs of 
professional planning studies, engineering, legal, financial 
advisory, and other professional services, printing and 
publication, and interest to accrue on the bonds before receipt 
of funds pledged to their payment, whether incurred by the 
county or the affected cities and towns.  In connection with the 
issue, the county may exercise all powers granted to cities or 
towns under Minnesota Statutes, sections 115.46 and 444.075 and 
chapter 475.  
     It may also issue bonds to refund outstanding bonds issued 
pursuant to this section in accordance with chapter 475.  
    Except as otherwise provided in this act, bonds issued 
under this section shall be sold and issued in accordance with 
chapter 475, and may pledge the full faith, credit, and 
unlimited taxing powers of the county for the prompt payment of 
principal and interest.  No election shall be required to 
authorize bonds to be issued under this section if the county 
board determines that payments to be made by cities and towns 
pursuant to contracts with the county, together with any special 
assessments, revenues, and funds from federal or state grants or 
loans to aid in payment of authorized costs of the systems, are 
estimated to be sufficient to pay the principal of and interest 
on the bonds when due.  
     The amount of bonds issued under this section shall not be 
included in computing any debt limitation applicable to the 
county, and any taxes levied to pay the principal and interest 
on the bonds shall not be subject to any levy limitation, or be 
included in computing or applying any levy limitation applicable 
to the county.  
     Sec. 3.  [EFFECTIVE DATE.] 
    This act is effective the day after compliance by the 
governing body of Washington county with Minnesota Statutes, 
section 645.021, subdivision 3. 
    Approved March 19, 1986