MN HF3596

City of Austin authorized to impose a 0.5% local sales and use tax upon voter approval at a local election

Tax revenues dedicated to financing up to $28,400,000 plus bonding costs for a law enforcement center, including land purchase, utility and site work, design services, construction, and maintenance

City may issue bonds up to $28,400,000 plus issuance costs under Minnesota Statutes chapter 475, with bonds excluded from city debt limitations and not requiring a separate voter approval

Tax expires at the earlier of 20 years after first imposed or when sufficient revenue has been collected to cover the $28,400,000 project costs plus bond-related expenses

Effective upon compliance by the city's governing body and chief clerical officer with Minnesota Statutes section 645.021