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MN HF2165
Bill
Status
2/9/2012
Primary Sponsor
Andrea Kieffer
Click for details
AI Summary
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Authorizes the city of Woodbury to issue and sell public debt obligations to finance a youth athletic facility without a referendum requirement.
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Debt obligations must be secured by a pledge of revenues from the facility itself.
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City must obtain analysis from a professional experienced in finance confirming that facility revenues and other available money will be sufficient to pay the obligations without property tax levies or general purpose state aid.
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Effective the day after Woodbury's governing body and chief clerical officer complete compliance with Minnesota Statutes section 645.021.
Legislative Description
Woodbury; youth athletic facility public debt issuance without a referendum authorized.
Last Action
Motion to return bill to author, motion prevailed
3/12/2012