Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

355.80 Obligations of political subdivision.

Each political subdivision is hereby authorized and directed to pay its obligations under sections 355.71 to 355.81 from moneys collected from taxes or other revenue. 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 upon the power of the political subdivision to levy taxes, such political subdivision may levy taxes in excess of the limitation in such amounts as is necessary to meet its obligation under sections 355.71 to 355.81. 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 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, and acts amendatory thereto.

HIST: 1963 c 793 s 10; 1976 c 2 s 127; 1976 c 239 s 108

Official Publication of the State of Minnesota
Revisor of Statutes