Legislative Session number- 81

Bill Name: SF3730

E Relating to public finance; expanding the authority of government entities to
enter into agreements or contracts for shares of Minnesota joint powers
investment trusts; exempting certain airport improvement bonds from election
requirements; providing for state payment of certain county debt obligations
upon potential default under certain conditions, requiring application to the
public facilities authority and specifying certain agreement and public
facilities authority notice requirements, requiring a commissioner of finance
warrant authorizing the authority to pay the debt obligation, amount paid to
bear interest until repayment, requiring county pledge of full faith and credit,
providing for county aid reductions and property tax levies for repayment
purposes, specifying certain mandatory plan requirements, authorizing the public
facilities authority to enter into agreements or contracts for the continuing
disclosure of information to facilitate county ability to issue debt
obligations; extending the general authority of cities to establish special
service districts; authorizing city special assessments for construction or
improvement of facilities for Internet access and other communications purposes
under certain conditions; providing for replacement heating systems and related
energy conservation measures in cities discontinuing district heating systems,
contrary local provisions supersession clause, specifying certain minimum
program elements, providing for financing of the improvements, authorizing and
providing for the issuance of bonds or other obligations, city of Virginia to be
considered in compliance with certain requirements for discontinuation of steam
heat; increasing the bonding authority of the metropolitan council for capital
expenditures under the transit capital improvement program; clarifying the
authority of bond issuers to use the proceeds from residential rental bonds for
rehabilitation of existing multifamily buildings; modifying the interest rate
requirements for certain obligations; exempting government security interests
from uniform commercial code (UCC) regulation; modifying the area to be served
by nonmetropolitan county economic development service providers; extending the
availability of a certain prior appropriation to the commissioner of
administration for a certain portion of the nonfederal match of the ISTEA
project for St. Louis and Lake counties regional railroad authority development
of a multipurpose recreational trail system; extending replacement transit
service program eligibility to the cities of Minnetonka and Shorewood;
regulating public safety radio system contracts; repealing the limit on
metropolitan area land use planning grants; appropriating money to the
commissioner of revenue to administer certain tax provisions (mk, ja)