2016 Minnesota Statutes
Chapters 474 - 477A — PUBLIC DEBT; LOCAL GOVERNMENT AID
Chapter 477A — LOCAL GOVERNMENT AID
Section 477A.085 — DEBT SERVICE AID; CITY OF MINNEAPOLIS.
On or before November 1, 2016, and the first day of each November thereafter, the commissioner shall pay to the city of Minneapolis an amount equal to 40 percent of the city's otherwise required levy to pay its general obligation library referendum bonds for the following calendar year. The levy excludes any amount to pay bonds, other than refunding bonds, issued after May 1, 2013. An amount sufficient to pay the aid under this section is appropriated from the general fund to the commissioner of revenue.
History: 2013 c 143 art 2 s 21
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