383E.21 BONDING FOR PUBLIC SAFETY COMMUNICATION SYSTEMS.
Subdivision 1. Authority to incur debt.
(a) To finance the cost of designing, constructing,
and acquiring public safety communication system infrastructure and equipment, the governing
body of Anoka County may issue:
(1) capital improvement bonds under the provisions of section 373.40 as if the infrastructure
and equipment qualified as a "capital improvement" within the meaning of section 373.40,
subdivision 1, paragraph (b); and
(2) capital notes under the provisions of section 373.01, subdivision 3, as if the equipment
qualified as "capital equipment" within the meaning of section 373.01, subdivision 3.
(b) The original principal amount of the bonds and the capital notes issued under this section
may not exceed $12,500,000.
Subd. 2. Treatment of levy.
Notwithstanding sections 275.065, subdivision 3, and 276.04,
the county may report the tax attributable to any levy to pay principal and interest on bonds or
notes issued under this section as a separate line item on the proposed property tax notice and
the property tax statement.
Subd. 3. Expiration.
This section expires ten years after the first year in which the county
issues a note or bond under this section. The county may not issue a bond or note under this
section with a maturity or payment date after the expiration date of this section. No property tax
may be levied under this section for taxes payable in a calendar year after the calendar year in
which this section expires. Expiration of this section does not affect the obligation to pay or the
authority to collect taxes levied under this section before its expiration.
History: 2002 c 390 s 27; 2005 c 28 s 1