2000 Minnesota Statutes

     18.111 Tax levy; collection; certificates of 
  indebtedness. 

    Subdivision 1.    Levy.  An annual tax may be levied for 
 mosquito abatement purposes on all taxable property in any 
 governmental unit undertaking mosquito abatement as provided in 
 sections 18.041 to 18.161.  The tax shall be certified, levied, 
 and collected in the same manner as other taxes levied by the 
 governmental unit.  

    Subd. 2.    Certificates of indebtedness.  At any time 
 after the annual tax levy has been certified to the county 
 auditor, and not earlier than October tenth in any year, any 
 governing body may, for the purpose of providing the necessary 
 funds for mosquito abatement for the succeeding year, by 
 resolution, issue and sell as many certificates of indebtedness 
 as may be needed in anticipation of the collection of taxes so 
 levied for the mosquito abatement fund, but certificates shall 
 not be issued in excess of 50 percent of the amount named in the 
 tax levy, as spread by the county auditor, to be collected for 
 the use and benefit of the mosquito abatement fund, and no 
 certificate shall be issued to become due and payable later than 
 December thirty-first of the year succeeding the year in which 
 the tax levy, certified to the county auditor, as aforesaid, was 
 made.  The certificates shall not be sold for less than par and 
 accrued interest, and shall not bear a greater rate of interest 
 than five percent per annum.  Each certificate shall state upon 
 its face that the proceeds of the certificate shall be used for 
 the mosquito abatement fund, the total amount of the 
 certificates so issued, and the whole amount embraced in the tax 
 levy for that particular purpose.  They shall be numbered 
 consecutively and be in denominations of $100 or a multiple 
 thereof, and may have interest coupons attached, and shall be 
 otherwise of such form and terms and be made payable at such 
 place as will best aid in their negotiation.  The proceeds of 
 the tax assessed and collected, as aforesaid, on account of the 
 fund, shall be irrevocably pledged for the redemption of the 
 certificates so issued.  The certificates shall be paid solely 
 from the money derived from the levy for the year against which 
 the certificates were issued, or, if they be not sufficient for 
 such purpose, from the levy for the mosquito abatement fund in 
 the next succeeding year.  The money derived from the sale of 
 the certificates shall be credited to the mosquito abatement 
 fund for the calendar year immediately succeeding the making of 
 the levy and shall not be used or spent until such succeeding 
 year.  No certificates for any year shall be issued until all 
 certificates for prior years have been paid, nor shall any 
 certificate be extended.  

    Subd. 3.    Deposit and use of funds.  All money 
 received for mosquito abatement purposes, either by way of tax 
 collection or the sale of certificates of indebtedness, shall be 
 deposited in the treasury of the governmental unit to the credit 
 of a special fund to be designated as the mosquito abatement 
 fund, shall not be used for any other purpose, and shall be 
 drawn upon by the proper officials of the governmental unit upon 
 the properly authenticated voucher of the mosquito abatement 
 board.  No money shall be paid from such fund except on orders 
 drawn upon the officer of the governmental unit having charge of 
 the custody of the mosquito abatement fund and signed by the 
 chair and the secretary of the mosquito abatement board.  Each 
 mosquito abatement board shall annually file with the governing 
 body of its governmental unit an itemized statement of all 
 receipts and disbursements.  

    HIST: 1949 c 404 s 8; 1973 c 773 s 1; 1986 c 444; 1988 c 719 
 art 5 s 84; 1989 c 277 art 4 s 3; 1994 c 505 art 2 s 2