2007 Minnesota Statutes

471.57 PUBLIC WORKS RESERVE FUND.
    Subdivision 1. Tax levy. The council of any city, however organized, may establish by
ordinance a public works reserve fund and may annually levy taxes within existing charter limits
for the support of such fund. It may, by the ordinance establishing the fund, designate a specific
capital improvement or a type of capital improvement for which the fund is to be used. The
proceeds of taxes levied for its support shall be paid into the public works reserve fund. There
may be paid into such fund any other revenue not required by statute or charter to be paid into
some other fund or used for purposes other than those provided in this section for the use of the
public works reserve fund.
    Subd. 2. Purposes. Except as provided in subdivision 3, the public works reserve fund shall
be used only for the specific capital improvement or type of capital improvement designated
by the ordinance establishing the fund. If not so designated, it shall be used only for capital
improvements of a type for which the municipality establishing the fund is authorized to issue
bonds. The term "capital improvement" does not include the construction or acquisition of any
steam heat, telephone, gas or electric plant or system. No expenditures shall be made from the
public works reserve fund before the first fiscal year following cessation of hostilities in the
present war as declared by proper federal authority.
    Subd. 3. May use fund for other purposes upon vote. The council of any municipality
which has established a public works reserve fund by an ordinance designating the specific
improvement or type of capital improvement for which the fund may be used may submit to the
voters of the municipality at any regular or special election the question of using the fund for
some other purpose. If a majority of the votes cast on the question are in favor of such diversion
from the original purpose of the fund, it may be used for any purpose so approved by the voters.
History: 1943 c 437; 1973 c 123 art 5 s 7; 1994 c 505 art 3 s 14