MN HF3703

City of Blackduck may impose a local sales and use tax of 0.5% upon voter approval at a general election, governed by Minnesota Statutes section 297A.99.

Tax revenues must fund five specific projects: $200,000 for campground improvements, $300,000 for walking trail improvements, $250,000 for wayside rest improvements, $150,000 for golf course irrigation, and $100,000 for library reconstruction, plus collection and administration costs.

City may issue bonds up to $1,000,000 total (plus bond issuance costs) to finance all or part of the five projects; bonds are exempt from debt limitations and levy limitations, and do not require a separate election for approval.

Tax expires at the earlier of 20 years after implementation or when the city council determines sufficient revenue has been collected to pay project costs and bond obligations; any remaining funds go to the city's general fund.

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