Loading chat...
MN SF1760
Bill
Status
2/9/2012
Primary Sponsor
Sean Nienow
Click for details
AI Summary
-
Permits school districts that are members of the St. Croix River Education District to levy for lease purchase agreements for buildings and land used by the district, in addition to standard capital levies.
-
Allows member districts to levy for their portion of lease costs within the existing total levy limit of $150 times resident pupil units.
-
Authorizes this special levy authority for taxes payable in 2012 through 2028.
-
Requires that lease arrangements be economically advantageous to the district and comply with existing approval criteria and restrictions.
Legislative Description
St. Croix River education district members building lease levy alternative use authorization
Last Action
Comm report: To pass as amended and re-refer to Taxes
3/20/2012