MN SF2355

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 $48,000,000 for construction of a public safety facility, including associated bond costs.

Rice County may issue bonds up to $48,000,000 plus costs to issue the bonds, which are not subject to debt limitations or levy limitations and do not require a separate election for approval.

The tax expires at the earlier of 30 years after imposition or when sufficient revenue is collected to pay project costs and bond-related expenses, though the county board may terminate it earlier by ordinance.

Remaining funds after project completion are placed in the county's general fund.