Legislative Session number- 86

Bill Name: SF1257

1E Relating to public finance; modifying terms and conditions relating to
issuance of obligations and financing of public improvements; providing for tax
credit and interest subsidy bonds; extending the expiration date to issue bonds;
subrogating the state to the issuer's rights to any federal interest subsidy
payments; modifying certain mail elections requirements; modifying local
government unit bond issuance requirements for airport projects; expanding the
definition of capital improvement; providing for federal interest subsidy
payments; expanding the leasing authority to nonprofit for cities operating a
program of public recreation and playgrounds; modifying the definition of
project; modifying the definition of annual volume cap; modifying the definition
of manufacturing project; defining rating category for escrow account securities
purposes; extending the maturity date of bond issued by St. Paul for public
buildings or parking structure; increasing the bonding authority of Cook county;
authorizing commissioner of finance to apply a deposit for the proposed issue of
tax exempt bonds by the St. Paul port authority for District Cooling St. Paul,
Inc. to an application for an allocation of tax exempt bonds by the St. Paul
Port Authority for the same project; repealing certain Minneapolis special
street light provisions
(ra)