MN SF841

Authorizes municipalities, counties, and implementing entities to issue "improvement bonds" for energy improvements, capital improvements, and street reconstruction projects with extended repayment terms up to 20 years instead of previous limits.

Modifies special assessment procedures under section 429.101 to allow up to 10 equal annual installments for municipal services and up to 20 equal annual installments for energy improvements financed through special assessments.

Changes bond issuance notice requirements by reducing the advance publication period from 14 days to 10 days before public hearings for county and municipal bond issuance.

Allows counties and municipalities to issue bonds for previously incurred capital improvement and street reconstruction expenditures if such costs are included in an approved capital improvement or street reconstruction plan by the bond hearing date.

Modifies federal tax law references and removes requirements for the Commissioner of Revenue to prepare suggested ballot language, instead establishing 365-day waiting periods before resubmitting rejected bond proposals to voters.