1.1                          A bill for an act 
  1.2             relating to taxation; repealing levy limits; amending 
  1.3             Minnesota Statutes 1997 Supplement, section 275.16; 
  1.4             repealing Minnesota Statutes 1997 Supplement, sections 
  1.5             275.70; 275.71; 275.72; 275.73; and 275.74; Laws 1997, 
  1.6             chapter 231, article 3, section 8. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1997 Supplement, section 
  1.9   275.16, is amended to read: 
  1.10     275.16 [COUNTY AUDITOR TO FIX AMOUNT OF LEVY.] 
  1.11     If any such municipality shall return to the county auditor 
  1.12  a levy greater than permitted by chapters 124, 124A, 124B, 136C, 
  1.13  and 136D, and sections 275.124 to 275.16, and sections 275.70 to 
  1.14  275.74, such county auditor shall extend only such amount of 
  1.15  taxes as the limitations herein prescribed will permit; 
  1.16  provided, if such levy shall include any levy for the payment of 
  1.17  bonded indebtedness or judgments, such levies for bonded 
  1.18  indebtedness or judgments shall be extended in full, and the 
  1.19  remainder of the levies shall be reduced so that the total 
  1.20  thereof, including levies for bonds and judgments, shall not 
  1.21  exceed such amount as the limitations herein prescribed will 
  1.22  permit.  
  1.23     Sec. 2.  [REPEALER.] 
  1.24     Minnesota Statutes 1997 Supplement, sections 275.70; 
  1.25  275.71; 275.72; 275.73; and 275.74; and Laws 1997, chapter 231, 
  1.26  article 3, section 8, are repealed. 
  2.1      Sec. 3.  [EFFECTIVE DATE.] 
  2.2      Sections 1 and 2 are effective for taxes levied in 1998, 
  2.3   payable in 1999.