2006 Minnesota Statutes

383B.245 LIBRARY LEVY.
The county board may levy a tax on the taxable property within the county outside of any
city in which is situated a free public library of the city to acquire, better, and construct county
library buildings and branches and to pay principal and interest on bonds issued for that purpose.
The county board may by resolution adopted by a five-sevenths vote issue and sell general
obligation bonds of the county in the manner provided in sections 475.60 to 475.73. The bonds
shall not be subject to the limitations of sections 475.51 to 475.59, but the maturity years and
amounts and interest rates of each series of bonds shall be fixed so that the maximum amount of
principal and interest to become due in any year, on the bonds of that series and of all outstanding
series issued by or for the purposes of libraries, shall not exceed an amount equal to 0.01612
percent of market value of all taxable property in the county, which was not taxed in 1987 by any
city for the support of any free public library, as last finally equalized before the issuance of the
new series. When the tax levy authorized in this section is collected it shall be appropriated and
credited to a debt service fund for the bonds in amounts required each year in lieu of a countywide
tax levy for the debt service fund under section 475.61.
History: 1981 c 48 s 5; 1987 c 188 s 1; 1988 c 719 art 5 s 84; 1989 c 277 art 4 s 39;
1994 c 505 art 6 s 3