2007 Minnesota Code
Chapters 92 - 94 Lands and Minerals
Chapter 94 Lands, State Forests
Section 94.31 COUNTIES MAY ASSUME BONDS OF TOWNS OR SCHOOL DISTRICTS IN REFORESTATION AREA.
94.31 COUNTIES MAY ASSUME BONDS OF TOWNS OR SCHOOL DISTRICTS IN
REFORESTATION AREA.
Any county wherein a state reforestation or flood control project or other public state
purposes, as created by sections
84A.20 to
84A.30, is located may voluntarily assume the
obligation to pay the same ratio or proportion of the principal and interest of bonds now
outstanding issued before the approval and acceptance of the project by any school district or
town situated in the county lying wholly or partly within the project as the last assessed valuation
prior to the acceptance of the project of lands acquired by the state pursuant to sections
84A.20
to
84A.30 on July 1, 1936, bears to the total assessed valuation for the same year of the school
district or town, this assumption to be evidenced by the adoption of a resolution by the county
board of the county authorizing the issuance of bonds for such purpose or otherwise providing for
the payment of the principal and interest of the school or town bonds assumed.
History: (6452-14) Ex1936 c 47 s 1
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