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MN HF2894

Bill

Official Source

Status

Introduced

2/11/2010

Primary Sponsor

Jeanne Poppe

Click for details

Origin

House of Representatives

86th Legislature 2009-2010

AI Summary

  • Amends Minnesota Statutes 2008, section 103D.335, subdivision 17 to increase watershed district borrowing authority
  • Watershed district managers may borrow funds from federal agencies, state agencies, counties, or financial institutions authorized under chapter 47
  • Increases maximum borrowing limit from counties and financial institutions from $600,000 to $2,000,000 when taxable market value of property within the watershed district exceeds $500,000,000
  • County boards may lend the amount requested by a watershed district up to the applicable borrowing limit

Legislative Description

Watershed district borrowing authority increased.

Last Action

House: Committee report, to pass as amended and re-refer to Taxes

4/21/2010

Committee Referrals

Taxes4/21/2010
Environment and Natural Resources Policy Finance3/22/2010
Local Government3/11/2010
Environment and Natural Resources Policy Finance2/11/2010

Full Bill Text

No bill text available