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MN HF3763
Bill
Status
Introduced
2/24/2022
Primary Sponsor
Debra Kiel
Click for details
AI Summary
- City of East Grand Forks may impose a 1.25 percent local sales and use tax if approved by voters at a general election.
- Tax revenues must fund reconstruction and remodeling of the Civic Center Sports Complex ($23,343,000 plus bonding costs) and the VFW Memorial and Blue Line Arena ($13,756,000 plus bonding costs).
- City may issue up to $37,099,000 in bonds to finance the projects, not subject to debt limitations or levy restrictions under state law.
- Tax expires at the earlier of 20 years after imposition or when sufficient revenue is collected to pay project costs and bond-related expenses.
- Any remaining funds after tax termination go to the city's general fund.
Legislative Description
East Grand Forks; sales and use tax authorized.
Last Action
Referred by Chair to Property Tax Division
2/25/2022
Committee Referrals
Property Tax2/25/2022
Taxes2/24/2022
Full Bill Text
No bill text available