1.1 	A bill for an act
1.2 	relating to taxation; modifying the levy authority of the Cook County Hospital 
1.3 	District; amending Laws 1989, chapter 211, section 8, subdivision 4, as amended.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Laws 1989, chapter 211, section 8, subdivision 4, as amended by Laws 2002, 
1.6 	chapter 390, section 24, and Laws 2003, chapter 127, article 2, section 22, subdivision 4, 
1.7 	is amended to read:
1.8 		Subd. 4.Tax levy. The tax levied under Minnesota Statutes, section 447.34, shall 
1.9 	not exceed $300,000 for taxes levied in 2002. For taxes levied in 2003 and subsequent 
1.10 	years, the tax must not exceed the lesser of:
1.11 	(1) the product of the hospital district's property tax levy limitation for the previous 
1.12 	year determined under this subdivision, multiplied by 103 percent; or 
1.13 	(2) the product of the hospital district's property tax levy limitation for the previous 
1.14 	year determined under this subdivision multiplied by the ratio of the most recent available 
1.15 	annual medical care expenditure category of the revised Consumer Price Index, U.S. 
1.16 	citywide average, for all urban consumers prepared by the United States Department of 
1.17 	Labor to the same annual index for the previous year the amount authorized to be levied 
1.18 	under that section.
1.19 	The proceeds of the tax may be used for all purposes of the hospital district.

1.20 	EFFECTIVE DATE. This section is effective upon compliance with Minnesota 
1.21 	Statutes, section 645.021, subdivision 3, by the governing body of the Cook County 
1.22 	Hospital District.