MN HF3748

Rice County may impose a local sales and use tax of three-eighths of one percent upon voter approval at a general election.

Tax revenues must be used to pay collection and administration costs and fund up to $77,000,000 for construction of a public safety facility, including associated bond costs.

Rice County may issue bonds up to $77,000,000 plus issuance costs, which are exempt from debt limitations and levy limitations and do not require a separate election.

The tax expires at the earlier of 30 years after imposition or when sufficient funds are collected to pay project and bond costs, as determined by the county board of commissioners.

Any remaining funds after project completion are placed in the county general fund, and the county may terminate the tax earlier by ordinance.