MN SF4002

City of Proctor may impose a one-half of one percent local sales and use tax upon voter approval at a general election.

Tax revenues must be used to pay collection and administration costs and finance up to $3,850,000 for three projects: a multiuse government center, relocation of a salt sand shed away from a trout stream, and construction of the Proctor-Hermantown Munger Trail Spur.

City may issue bonds up to $3,850,000 plus bond issuance costs to finance the authorized projects, with bonds exempt from state debt limitations and levy limitations.

Tax expires at the earlier of 20 years after imposition or when the city council determines sufficient revenue has been collected to pay project costs and bond-related expenses, with remaining funds deposited in the city's general fund.

Provisions of Minnesota Statutes section 297A.99 govern the tax's imposition, administration, collection, and enforcement except as otherwise specified in this section.