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2007 Minnesota Statutes
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Chapter 383B
Section 383B.245
Topics
Recent History
- 2013 383B.245 Amended 2013 c 143 art 14 s 56
- 2007 383B.245 Amended 2007 c 121 art 2 s 4
- 1994 383B.245 Amended 1994 c 505 art 6 s 3
This is an historical version of this statute chapter. Also view the most recent published version.
383B.245 LIBRARY LEVY.
(a) The county board may levy a tax on the taxable property within the county to acquire,
better, and construct county library buildings and branches and to pay principal and interest
on bonds issued for that purpose.
(b) 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 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; 2007 c 121 art 2 s 4
NOTE:The amendment to this section by Laws 2007, chapter 121, article 2, section 4, is
effective the day after the transactional documents have been fully executed and certificates
of local approval have been filed by the Minneapolis Library Board, the city of Minneapolis,
and Hennepin County in compliance with Minnesota Statutes, section 645.021, subdivision 3.
The Minneapolis Library Board, the city of Minneapolis, and Hennepin County must not file
a certificate of local approval until the Minneapolis Library Board, the city of Minneapolis,
and the exclusive representatives of at least 80 percent of the represented Minneapolis library
employees have reached an agreement addressing the impact of the merger on employees. Laws
2007, chapter 121, article 2, section 6.
(a) The county board may levy a tax on the taxable property within the county to acquire,
better, and construct county library buildings and branches and to pay principal and interest
on bonds issued for that purpose.
(b) 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 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; 2007 c 121 art 2 s 4
NOTE:The amendment to this section by Laws 2007, chapter 121, article 2, section 4, is
effective the day after the transactional documents have been fully executed and certificates
of local approval have been filed by the Minneapolis Library Board, the city of Minneapolis,
and Hennepin County in compliance with Minnesota Statutes, section 645.021, subdivision 3.
The Minneapolis Library Board, the city of Minneapolis, and Hennepin County must not file
a certificate of local approval until the Minneapolis Library Board, the city of Minneapolis,
and the exclusive representatives of at least 80 percent of the represented Minneapolis library
employees have reached an agreement addressing the impact of the merger on employees. Laws
2007, chapter 121, article 2, section 6.
Official Publication of the State of Minnesota
Revisor of Statutes