MN HF2923

Winona County may impose a one-quarter of one percent local sales and use tax if approved by voters at a general election, to be governed by Minnesota Statutes section 297A.99.

Tax revenues must be used to pay collection and administration costs, and to finance up to $28,000,000 for construction of a new correctional facility or upgrades to an existing correctional facility, plus associated bond costs.

Winona County may issue bonds under Minnesota Statutes chapter 475 with an aggregate principal amount not exceeding $28,000,000, plus costs of issuing bonds, without being subject to debt limitations or levy limitations.

The tax expires at the earlier of 25 years after imposition or when the county receives $28,000,000 plus sufficient funds for bond-related costs; any remaining funds go to the county's general fund.

The measure becomes effective the day after Winona County's governing body and chief clerical officer comply with Minnesota Statutes section 645.021, subdivisions 2 and 3.