Minnesota Session Laws - 1989, Regular Session

  

                         Laws of Minnesota 1989 

                        CHAPTER 233-H.F.No. 1143 
           An act relating to taxation; permitting the city of 
          Rochester to continue levying a general sales tax for 
          flood control costs; amending Laws 1983, chapter 342, 
          article 19, sections 4 and 5. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Laws 1983, chapter 342, article 19, section 4, 
is amended to read: 
    Sec. 4.  [ALLOCATION OF REVENUES.] 
    Subdivision 1.  [USE OF PROCEEDS.] Revenues received from 
taxes authorized by sections 1 and 2 shall be used to pay the 
costs of collecting the taxes, capital and administrative costs 
of improvements to the city park and recreation system and flood 
control improvements for which the city voters at a special 
election held on November 2, 1982, approved the issuance of 
general obligation bonds, and to pay debt service on the bonds.  
The total capital and administrative expenditures payable from 
bond proceeds and revenues received from the taxes authorized by 
sections 1 and 2, excluding investment earnings thereon, shall 
not exceed $16,000,000 for improvements to the city park and 
recreation system and $16,000,000 for flood control improvements.
    Subd. 2.  [PROCEEDS OF CONTINUED LEVY.] Notwithstanding 
subdivision 1, if the city council elects under section 5, 
subdivision 2, to continue imposing the tax after $16,000,000 
has been collected for the park and recreation system and 
$16,000,000 for flood control improvements, the revenues must be 
used to pay the city's share of the flood control project or for 
other flood control purposes, including additional construction 
or restoration, repairs, and maintenance of existing flood 
control improvements, or to pay the cost of cleanup and repair 
of flood damages. 
    Sec. 2.  Laws 1983, chapter 342, article 19, section 5, is 
amended to read: 
    Sec. 5.  [TERMINATION OF TAXES.] 
    Subdivision 1.  [MAXIMUM REVENUES.] The taxes imposed 
pursuant to sections 1 and 2 shall terminate on the first day of 
the second month next succeeding a determination by the city 
council that sufficient funds have been received from the taxes 
and bond proceeds to finance capital and administrative costs of 
$16,000,000 for improvements to the city park and recreation 
system and $16,000,000 for flood control improvements and to 
prepay or retire at maturity the principal, interest, and 
premium due on any bonds issued for the improvements.  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 If the city elects to extend the tax under subdivision 2, 
the funds must be allocated as provided in section 4, 
subdivision 2. 
    Subd. 2.  [ELECTION TO CONTINUE TAX.] Upon termination of 
the taxes under subdivision 1, the city council may, by 
resolution, continue to impose the taxes.  If the city elects to 
continue imposing the taxes, the taxes terminate on December 31, 
1992. 
    Sec. 3.  [EFFECTIVE DATE.] 
    This act is effective upon compliance by the city council 
of the city of Rochester with Minnesota Statutes, section 
645.021. 
    Presented to the governor May 19, 1989 
    Signed by the governor May 22, 1989, 8:25 p.m.