Minnesota § 373.47 COUNTY DEBT AUTHORITY

Minnesota Statutes

§ 373.47 — COUNTY DEBT AUTHORITY

Minnesota § 373.47

PartCOUNTIES, COUNTY OFFICERS, REGIONAL AUTHORITIES

Ch. 373COUNTIES; POWERS, DUTIES, PRIVILEGES

This text of Minnesota § 373.47 (COUNTY DEBT AUTHORITY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 373.47 (2026).

Text

Subdivision 1.Authority to incur debt. Subject to prior approval by the Statewide Radio Board under section403.36, the governing body of a county may finance the cost of designing, constructing, and acquiring public safety communication system infrastructure and equipment for use on the statewide, shared public safety radio system by issuing:

(1)capital improvement bonds under section373.40, as if the infrastructure and equipment qualified as a "capital improvement" within the meaning of section373.40, subdivision 1, paragraph (b). Bonds issued under this section are exempt from and shall not be included in calculating the limitations in section373.40, subdivision 4; and

(2)capital notes under the provisions of section373.01, subdivision 3, as if the equipment qualified as "capital equi

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Subdivision 1.Authority to incur debt.
Subject to prior approval by the Statewide Radio Board under section403.36, the governing body of a county may finance the cost of designing, constructing, and acquiring public safety communication system infrastructure and equipment for use on the statewide, shared public safety radio system by issuing:
(1) capital improvement bonds under section373.40, as if the infrastructure and equipment qualified as a "capital improvement" within the meaning of section373.40, subdivision 1, paragraph (b). Bonds issued under this section are exempt from and shall not be included in calculating the limitations in section373.40, subdivision 4; and
(2) capital notes under the provisions of section373.01, subdivision 3, as if the equipment qualified as "capital equipment" within the meaning of section373.01, subdivision 3.

Subd. 2.Treatment of levy.
The county may report the tax attributable to any levy to pay principal and interest on bonds or notes issued under this section as a separate line item on the property tax statement. The levy to pay principal and interest on the notes or bonds is exempt from the limits on the amount or rate of tax imposed under any other provision of law.

Subd. 3.Expiration.
The authority to issue debt under this section expires December 31, 2012.