2006 Minnesota Statutes

103D.905 FUNDS OF WATERSHED DISTRICT.
    Subdivision 1. Generally. The money of a watershed district consists of the funds established
in this section.
    Subd. 2. Organizational expense fund. (a) An organizational expense fund, consisting of
an ad valorem tax levy, shall not exceed 0.01596 percent of taxable market value, or $60,000,
whichever is less. The money in the fund shall be used for organizational expenses and preparation
of the watershed management plan for projects.
(b) The managers may borrow from the affected counties up to 75 percent of the anticipated
funds to be collected from the organizational expense fund levy and the counties affected may
make the advancements.
(c) The advancement of anticipated funds shall be apportioned among affected counties in
the same ratio as the net tax capacity of the area of the counties within the watershed district bears
to the net tax capacity of the entire watershed district. If a watershed district is enlarged, an
organizational expense fund may be levied against the area added to the watershed district in the
same manner as provided in this subdivision.
(d) Unexpended funds collected for the organizational expense may be transferred to the
administrative fund and used for the purposes of the administrative fund.
    Subd. 3. General fund. A general fund, consisting of an ad valorem tax levy, may not exceed
0.048 percent of taxable market value, or $250,000, whichever is less. The money in the fund
shall be used for general administrative expenses and for the construction or implementation and
maintenance of projects of common benefit to the watershed district. The managers may make
an annual levy for the general fund as provided in section 103D.911. In addition to the annual
general levy, the managers may annually levy a tax not to exceed 0.00798 percent of taxable
market value for a period not to exceed 15 consecutive years to pay the cost attributable to the
basic water management features of projects initiated by petition of a political subdivision within
the watershed district or by petition of at least 50 resident owners whose property is within
the watershed district.
    Subd. 4. Bond fund. A bond fund consists of the proceeds of special assessments, storm
water charges, loan repayments, and ad valorem tax levies pledged by the watershed district for
the payment of bonds or notes issued by the watershed district. The bond fund is to be used for
the payment of the principal of, premium or administrative surcharge, if any, and interest on the
bonds and notes issued by the watershed district and for payments required to be made to the
federal government under section 148(f) of the Internal Revenue Code of 1986, as amended
through December 31, 1996.
    Subd. 5. Construction or implementation fund. (a) A construction or implementation
fund consists of:
(1) the proceeds of watershed district bonds or notes or of the sale of county bonds;
(2) construction or implementation loans from the Pollution Control Agency under sections
103F.701 to 103F.761, or from any agency of the federal government; and
(3) special assessments, storm water charges, loan repayments, and ad valorem tax levies
levied or to be levied to supply funds for the construction or implementation of the projects of the
watershed district, including reservoirs, ditches, dikes, canals, channels, storm water facilities,
sewage treatment facilities, wells, and other works, and the expenses incident to and connected
with the construction or implementation.
(b) Construction or implementation loans from the Pollution Control Agency under sections
103F.701 to 103F.761, or from an agency of the federal government may be repaid from the
proceeds of watershed district bonds or notes or from the collections of storm water charges, loan
repayments, ad valorem tax levies, or special assessments on properties benefited by the project.
    Subd. 6. Preliminary fund. A preliminary fund consists of funds authorized to be provided.
The preliminary fund is to be used for preliminary work on proposed works of the watershed
district.
    Subd. 7. Repair and maintenance funds. Repair and maintenance funds are established
under section 103D.631, subdivision 2.
    Subd. 8. Survey and data acquisition fund. (a) A survey and data acquisition fund is
established and used only if other funds are not available to the watershed district to pay for
making necessary surveys and acquiring data.
(b) The survey and data acquisition fund consists of the proceeds of a property tax that
can be levied only once every five years. The levy may not exceed 0.02418 percent of taxable
market value.
(c) The balance of the survey and data acquisition fund may not exceed $50,000.
(d) In a subsequent proceeding for a project where a survey has been made, the attributable
cost of the survey as determined by the managers shall be included as a part of the cost of the
work and the sum shall be repaid to the survey and data acquisition fund.
    Subd. 9. Project tax levy. In addition to other tax levies provided in this section or in any
other law, a watershed district may levy a tax:
(1) to pay the costs of projects undertaken by the watershed district which are to be funded,
in whole or in part, with the proceeds of grants or construction or implementation loans under
sections 103F.701 to 103F.761;
(2) to pay the principal of, or premium or administrative surcharge, if any, and interest on,
the bonds and notes issued by the watershed district pursuant to section 103F.725; or
(3) to repay the construction or implementation loans under sections 103F.701 to 103F.761.
Taxes levied with respect to payment of bonds and notes shall comply with section 475.61.
History: 1990 c 391 art 4 s 69; 1995 c 199 s 56,57; 1997 c 231 art 2 s 2-4; 1Sp2001 c
5 art 3 s 4