Minnesota Session Laws - 1996, Regular Session

  
    
KEY: stricken = old language to be removed
     underscored = new language to be added
    
                            CHAPTER 267-H.F.No. 2079 
                  An act relating to the city of New Market; permitting 
                  the city to incur debt not subject to the general debt 
                  limit. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [NEW MARKET DEBT LIMIT.] 
           Bonded indebtedness of the city of New Market incurred for 
        a building to be used for a city hall, fire station, and other 
        public purposes, as approved by the voters of the city at an 
        election on November 7, 1995, may be incurred and refunded 
        without being subject to the net debt limit provided by 
        Minnesota Statutes, section 475.53, and shall be disregarded in 
        the calculation of debt subject to that limit. 
           Sec. 2.  [LOCAL APPROVAL.] 
           This act takes effect the day after the governing body of 
        the city of New Market complies with the provisions of Minnesota 
        Statutes, section 645.021, subdivision 3. 
           Presented to the governor February 13, 1996 
           Signed by the governor February 15, 1996, 10:28 a.m.