2002 Minnesota Statutes

     365.43 No debt, spending beyond tax limit without vote. 

    Subdivision 1.    Levied amount is spending limit.  A 
 town must not contract debts or spend more money in a year than 
 the taxes levied for the year without a favorable vote of a 
 majority of the town's electors. 

    Subd. 2.    Law limits levied amount.  A town must not 
 levy more taxes in a year than are authorized by law. 

    HIST: (1098) RL s 690; 1987 c 229 art 8 s 1