360.037 GENERAL POWER TO TAX; REVENUE PRIORITIES.
Subdivision 1. Local authority to appropriate money.
The governing bodies having power
to appropriate money within the municipalities in this state acquiring, establishing, constructing,
enlarging, improving, maintaining, equipping, or operating airports and other air navigation
facilities under the provisions of sections
, are hereby authorized to appropriate
and cause to be raised, by taxation or otherwise in such municipalities, money sufficient to carry
out therein the provisions of sections
. Expenditures by counties shall be
made out of the general revenue fund only.
Subd. 2. Levy in excess of tax limitation.
A municipality may levy taxes for the purposes
authorized by sections
, in such amount as may be authorized by an ordinance
or resolution referred to and approved by the voters of such municipality by popular vote or as
may be required to pay principal of or interest on general obligation bonds of the municipality
issued under section
Subd. 3. Use of revenues.
The revenues obtained from the ownership, control, and operation
of any such airport or other air navigation facility shall be used, first, to finance the maintenance
and operating expenses thereof and, second, to make payments of interest on and current principal
requirements of any outstanding bonds or certificates issued for the acquisition or improvement
thereof, and to make payment of interest on any mortgage heretofore made. Revenues in excess
of the foregoing requirements shall be applied to finance the extension or improvement of the
airport or other air navigation facilities.
History: 1945 c 303 s 16; 1978 c 674 s 58; 1981 c 209 s 13; 1Sp1981 c 4 art 1 s 166; 1984 c
593 s 37; 1Sp1989 c 1 art 5 s 26; 1994 c 587 art 5 s 19