MN SF2366

Authorizes the city of St. Paul to impose a one percent sales and use tax upon voter approval at a general election, in addition to any other local sales taxes.

Tax revenues must be used to fund $738,000,000 for street improvements and $246,000,000 for capital improvements to parks and recreation facilities, plus associated bonding costs and tax administration.

Authorizes St. Paul to issue bonds up to $984,000,000 to finance the authorized projects, with bonds exempt from debt limitations and levy restrictions.

Tax expires at the earlier of 20 years after imposition or when sufficient revenue is collected to pay project costs and bond obligations, or at an earlier time if the city determines by ordinance.

All provisions become effective upon compliance with Minnesota Statutes section 645.021 by the city's governing body and chief clerical officer.