MN HF4789

Increases the maximum authorized project cost for Warren's local sales and use tax from $1,600,000 to $2,800,000 for construction of a new child care facility, including related parking, design, and construction costs.

Increases the maximum bonding authority from $1,600,000 to $2,800,000, plus amounts for capitalized interest and bond issuance costs.

Extends the tax expiration period from 20 years to 35 years after the tax is first imposed, or earlier if the city council determines sufficient revenue has been collected.

Maintains the one-half of one percent sales and use tax rate, subject to voter approval, with revenues dedicated to project costs and debt service on authorized bonds.

Requires voter approval at a general election and compliance with Minnesota Statutes section 645.021 for the amendment to become effective.