Minnesota § 447.49 MISCELLANEOUS PROVISIONS

Minnesota Statutes

§ 447.49 — MISCELLANEOUS PROVISIONS

Minnesota § 447.49

PartMUNICIPAL WELFARE, RECREATION

Ch. 447HOSPITALS, WELFARE ACTIVITIES

This text of Minnesota § 447.49 (MISCELLANEOUS PROVISIONS) 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. § 447.49 (2026).

Text

Bonds issued under sections447.45to447.50must be issued and sold as provided in chapter 475. If the bonds do not pledge the credit of the county, city, or hospital district as provided in section447.48, the governing body may negotiate their sale without advertisement for bids. They shall not be included in the net debt of any municipality, and are not subject to interest rate limitations, as defined or referred to in sections475.51and475.55. If the bonds do not pledge the credit of the county, city, or hospital district as provided in section447.48and are payable from rental payments to be made under a lease agreement entered into pursuant to section447.47, the county, city, or hospital district may invest or deposit, or authorize a trustee to invest or deposit, any proceeds of the bonds,

Free access — add to your briefcase to read the full text and ask questions with AI

Bonds issued under sections447.45to447.50must be issued and sold as provided in chapter 475. If the bonds do not pledge the credit of the county, city, or hospital district as provided in section447.48, the governing body may negotiate their sale without advertisement for bids. They shall not be included in the net debt of any municipality, and are not subject to interest rate limitations, as defined or referred to in sections475.51and475.55. If the bonds do not pledge the credit of the county, city, or hospital district as provided in section447.48and are payable from rental payments to be made under a lease agreement entered into pursuant to section447.47, the county, city, or hospital district may invest or deposit, or authorize a trustee to invest or deposit, any proceeds of the bonds, rental payments, and income from the investment of them, in any manner and upon any terms and conditions agreed to by the lessee under the lease agreement, resolution, or indenture, notwithstanding chapter 118A, but subject to any statutory provisions that govern the deposit and investment of funds of a lessee which is itself a governmental subdivision or agency.