Minnesota § 447.45 BONDS FOR HOSPITAL, NURSING HOME, RELATED FACILITIES

Minnesota Statutes

§ 447.45 — BONDS FOR HOSPITAL, NURSING HOME, RELATED FACILITIES

Minnesota § 447.45

PartMUNICIPAL WELFARE, RECREATION

Ch. 447HOSPITALS, WELFARE ACTIVITIES

This text of Minnesota § 447.45 (BONDS FOR HOSPITAL, NURSING HOME, RELATED FACILITIES) 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. § 447.45 (2026).

Text

Subdivision 1.May include construction debt of acquired facility.
A county, city, or hospital district may issue revenue bonds by resolution of its governing body to finance the acquisition and betterment of hospital, nursing home, and related medical facilities. This power is in addition to other powers granted by law and includes, but is not limited to, the payment of interest during construction and for a reasonable period after construction and the establishment of reserves for bond payment and for working capital. In connection with the acquisition of any existing hospital or nursing home facilities, the city, county, or district may retire outstanding indebtedness incurred to finance the construction of the existing facilities.

Subd. 2.Listed facilities and services are deemed hosp

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Subdivision 1.May include construction debt of acquired facility.
A county, city, or hospital district may issue revenue bonds by resolution of its governing body to finance the acquisition and betterment of hospital, nursing home, and related medical facilities. This power is in addition to other powers granted by law and includes, but is not limited to, the payment of interest during construction and for a reasonable period after construction and the establishment of reserves for bond payment and for working capital. In connection with the acquisition of any existing hospital or nursing home facilities, the city, county, or district may retire outstanding indebtedness incurred to finance the construction of the existing facilities.

Subd. 2.Listed facilities and services are deemed hospital, nursing home.
(a) With respect to facilities for the care, treatment, and training of persons with developmental disabilities, and facilities attached or related to a nursing home providing supportive services to elderly persons who are not yet in need of nursing home care, including congregate housing, adult day care and respite care services, a hospital district, county, or city may exercise the powers in sections447.45to447.50as if these facilities were hospital or nursing home facilities within the meaning of sections447.45to447.50. "County or city" includes cities of the first class and counties containing them.
(b) With respect to facilities attached or related to a nursing home providing supportive services to elderly persons who are not yet in need of nursing home care, including congregate housing, adult day care, and respite care services, a hospital district may exercise the powers in sections447.45to447.50as if these facilities were hospital or nursing home facilities within the meaning of sections447.45to447.50.

Legislative History

1971 c 844 s 1;Ex1971 c 48 s 51;1974 c 292 s 2;1978 c 609 s 2;1Sp1981 c 4 art 1 s 52;1982 c 614 s 9;1985 c 21 s 65;1987 c 229 art 10 s 1;1992 c 464 art 1 s 55;1993 c 271 s 5;1995 c 80 s 1;1997 c 94 s 3;1997 c 219 s 6;2005 c 56 s 1