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MN SF2291
Bill
Status
Introduced
3/8/2012
Primary Sponsor
Ted Lillie
Click for details
AI Summary
- Authorizes the city of Woodbury to issue public debt without voter referendum for a youth athletic facility
- Requires that debt obligations be secured by revenues generated from the facility itself
- Requires the city to obtain professional financial analysis confirming the facility's revenues and available funds are sufficient to repay obligations without relying on property tax levies or state aid
- Becomes effective after Woodbury's governing body and chief clerical officer complete compliance with Minnesota Statutes section 645.021
Legislative Description
Woodbury youth athletic facility bond issue authorization
Last Action
Referred to Local Government and Elections
3/8/2012
Committee Referrals
Local Government and Elections3/8/2012
Full Bill Text
No bill text available