MN SF4181

Douglas County is authorized to impose a local sales and use tax of up to 0.25% (one-quarter of one percent) if approved by voters at a county election

Tax revenues must be used to finance up to $18,500,000 plus associated bonding costs for construction of a new library, along with tax collection and administration costs

The county may issue bonds up to $18,500,000 plus issuance costs; bonds are excluded from county debt limitations and do not require a separate bond election

The tax expires at the earlier of 10 years after first imposed or when sufficient revenue has been collected to cover project and bond costs

Effective the day after Douglas County's governing body and chief clerical officer comply with local approval requirements under Minnesota Statutes section 645.021