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MN SF801

Bill

Status

Introduced

1/26/2023

Primary Sponsor

Grant Hauschild

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • City of Virginia may finance construction of a public safety building by obtaining a loan from the United States Department of Agriculture secured by general obligation pledge
  • Bonds issued for the construction project or loan repayment are exempt from inclusion in the city's net debt limit calculation under Minnesota Statutes section 475.53, subdivision 1
  • Exemption becomes effective the day following final enactment

Legislative Description

Virginia net debt limit exemption authorization

Last Action

Second reading

2/6/2023

Committee Referrals

Taxes1/26/2023

Full Bill Text

No bill text available