MN SF39

Requires voter approval by a majority of county voters for capital improvements exceeding $1,000,000 in Minnesota Statutes section 373.40 (counties).

Requires voter approval by a majority of municipal voters for capital improvements exceeding $1,000,000 in Minnesota Statutes section 475.521 (municipalities).

Maintains existing bond issuance limitations for counties at 0.12 percent of estimated property market value and municipalities at 0.16 percent of estimated property market value.

Effective for bonds issued after August 1, 2021.