2000 Minnesota Statutes

     355.52 Obligations of political subdivision, payment.  

    Each and every political subdivision is hereby authorized 
 and directed to pay its obligations under sections 355.41 to 
 355.60 for moneys collected from taxes or other revenues.  Each 
 and every 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 upon the power of a political subdivision, 
 as defined in section 355.41, to levy taxes, such political 
 subdivision may levy taxes in excess of the limitation in such 
 amounts as is necessary to meet its obligations under sections 
 355.41 to 355.60. The expenditures authorized to be made under 
 sections 355.41 to 355.60 shall not be included in computing the 
 cost of government as defined in any home rule charter of any 
 city affected thereby.  The governing body of a municipality, 
 for the purpose of meeting its liabilities under sections 355.41 
 to 355.60 in the event of a 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 limitations, 
 without an election, and may levy taxes to pay therefor in the 
 manner provided in section 475.61. 

    HIST: Ex1957 c 18 s 12; Ex1959 c 50 s 39