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MN SF3980
Bill
Status
2/26/2026
Primary Sponsor
Amanda Hemmingsen-Jaeger
Click for details
AI Summary
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Reduces the minimum public notice period for county bond issuance hearings from 14 days to 10 days before the hearing date, while maintaining the 28-day maximum
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Clarifies that county bonds may be limited obligations payable "from or secured by" taxes levied under the transportation sales tax section, expanding language beyond just "secured by"
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Removes the requirement that port authority bonds must mature serially, giving port authorities more flexibility in structuring bond repayment schedules
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Maintains existing requirements that port authority bond first installments be due within 3 years and final payments within 30 years of issuance
Legislative Description
Local government debt financing modifications
Last Action
Second reading
3/12/2026