1997 Minnesota Statutes

     273.1103 Net debt, terminology of laws or charters. 

    Net debt incurred by any political subdivision or other 
 public corporation for which any law or any charter provision 
 provides a limit expressed as a percentage of the assessed value 
 or the full and true value of taxable property (except any 
 adjusted assessed value determined by the commissioner under 
 section 124.2131) shall not exceed 33-1/3 percent of such limit 
 until and unless such law or charter is amended to provide a 
 different limit.  

    HIST: 1971 c 427 s 25; 1987 c 268 art 7 s 34