2005 Minnesota Statutes

     400.101 Bonds. 

    The county, by resolution, may authorize the issuance of 
 bonds to provide funds for the acquisition or betterment of 
 solid waste facilities, closure, postclosure, and contingency 
 costs, related transmission facilities, or property or property 
 rights for the facilities, for responses, as defined in section 
 115B.02, to releases from closed solid waste facilities, or for 
 refunding any outstanding bonds issued for any such purpose, and 
 may pledge to the payment of the bonds and the interest thereon, 
 its full faith, credit, and taxing powers, or the proceeds of 
 any designated tax levies, or the gross or net revenues or 
 charges to be derived from any facility operated by or for the 
 county, or any combination thereof.  The proceeds of bonds 
 issued under this section for closure, postclosure, and 
 contingency costs and noncapital responses to releases may be 
 used only for solid waste facilities in existence on May 15, 
 1989.  Except as otherwise provided in this section, the bonds 
 must be issued and sold in accordance with the provisions of 
 chapter 475.  The proceeds of the bonds may be used in part to 
 establish a reserve as further security for the payment of the 
 principal and interest of the bonds when due.  Bonds issued 
 under this section may be sold at public or private sale upon 
 conditions that the county board determines.  No election is 
 required to authorize the issuance of bonds under this section. 

    HIST: 1986 c 425 s 31; 1989 c 355 s 2; 1991 c 342 s 7