Minnesota Session Laws - 1986, Regular Session

  

                         Laws of Minnesota 1986 

                        CHAPTER 392-H.F.No. 2329 
           An act relating to Dakota county; authorizing the 
          issuance of bonds for the construction of library 
          buildings and an annual levy for debt retirement.  
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [TAX.] 
    The Dakota county board may levy a tax of not more than 
three-fourths of a mill on taxable property within the county 
outside of any city in which is situated a free public library, 
to acquire, better, and construct county library buildings and 
to pay principal and interest on bonds issued for that purpose.  
The tax shall be disregarded in the calculation of levies or 
limits on levies provided by Minnesota Statutes, sections 275.50 
to 275.56, or other law.  
    Sec. 2.  [AUTHORIZATION.] 
    The Dakota county board may, by resolution adopted by a 
three-fifths vote, issue and sell general obligation bonds of 
the county in the amount of $15,000,000 in the manner provided 
in Minnesota Statutes, chapter 475 to acquire, better, and 
construct county library buildings.  The total amount of bonds 
outstanding at any time shall not exceed $8,000,000.  The county 
board, prior to the issuance of any bonds authorized by section 
1 and after adopting the resolution as provided above in this 
section, shall adopt a resolution by majority vote of the county 
board stating the amount, purpose, and, in general, the security 
to be provided for the bonds, and shall publish the resolution 
once each week for two consecutive weeks in the medium of 
official and legal publication of the county.  The bonds may be 
issued without the submission of the question of their issuance 
to the voters of the county library district unless within 21 
days after the second publication of the resolution a petition 
requesting a referendum, signed by at least ten percent of the 
registered voters of the county, is filed with the county 
auditor.  If a petition is filed, bonds may be issued unless 
disapproved by a majority of the voters of the county library 
district, voting on the question of their issuance at a regular 
or special election.  The bonds shall not be subject to the 
requirements of Minnesota Statutes, sections 475.57 to 475.59.  
The maturity years and amounts and interest rates of each series 
of bonds shall be fixed so that the maximum amount of principal 
and interest to become due in any year, on the bonds of that 
series and of all outstanding series issued by or for the 
purposes of libraries, shall not exceed an amount equal to 
three-fourths of a mill times the assessed value of all taxable 
property in the county, which was not taxed in 1984 by any city 
for the support of any free public library, as last finally 
equalized before the issuance of the series.  When the tax 
authorized by section 1 is collected, it shall be appropriated 
and credited to a debt service fund for the bonds.  The tax for 
the debt service fund required by Minnesota Statutes, section 
475.61, shall be reduced by the amount available or reasonably 
anticipated to be available in the fund to make payments 
otherwise payable from the tax required by section 475.61.  
     Sec. 3.  [EFFECTIVE DATE.] 
     This act takes effect the day after the filing of a 
certificate of local approval by the Dakota county board in 
compliance with Minnesota Statutes, section 645.021, subdivision 
3. 
    Approved March 21, 1986