2004 Minnesota Code
Chapters 365 - 368 Towns
Chapter 365 Town General Law
Section 365.43 No debt, spending beyond tax limit without vote.
365.43 No debt, spending beyond tax limit without vote.
Subdivision 1. Levied amount is spending limit. A town must not contract debts or spend more money in a year than the taxes levied for the year without a favorable vote of a majority of the town's electors.
Subd. 2. Law limits levied amount. A town must not levy more taxes in a year than are authorized by law.
HIST: (1098) RL s 690; 1987 c 229 art 8 s 1
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