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2015 Minnesota Statutes
Chapters 465 - 466 — POLITICAL SUBDIVISIONS, GENERAL PROVISIONS
Chapter 465 — RIGHTS, POWERS AND DUTIES; MUNICIPALITIES
Section 465.05 — TAX LEVY TO PAY INTEREST.

MN Stat § 465.05 (2015) What's This?
465.05 TAX LEVY TO PAY INTEREST.

When a city accepts a gift or donation under section 465.04, the governing body of the city may enter into a written contract for the payment of interest as provided under section 465.04. The city council shall annually levy a tax sufficient to pay the obligation incurred under the contract at the time other taxes are levied.

History:

(1664) 1923 c 395 s 2; 2013 c 125 art 1 s 71

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