2000 Minnesota Statutes

     355.299 Obligations of political subdivisions.  

    Each political subdivision is hereby authorized and 
 directed to pay its obligations under sections 355.29 to 355.30 
 from money collected from taxes or other revenues.  Each 
 political subdivision authorized to levy taxes may include in 
 its tax levy the amount necessary to pay such obligations.  If 
 the taxes authorized to be levied under this section cause the 
 total amount of taxes levied to exceed any limitation whatsoever 
 under the power of the political subdivision to levy taxes, such 
 political subdivision, if it is other than a school district, 
 may levy taxes in excess of the limitation in such amount as is 
 necessary to meet its obligation under sections 355.29 to 
 355.30.  The expenditures authorized to be made shall not be 
 included in computing the cost of government as defined in any 
 home rule charter or charter of any city affected thereby.  The 
 governing body of a municipality for the purposes of meeting its 
 obligations hereunder, in the event of deficit, may issue its 
 obligations payable in not more than two years in an amount 
 which may cause its indebtedness to exceed any statutory or 
 charter limitation without an election and may levy taxes and 
 pay therefor in a manner provided in section 475.61 and acts 
 amendatory thereto.  

    HIST: 1967 c 687 s 19; Ex1971 c 31 art 20 s 12