Minnesota § 462C.10 OFFICIAL ACTION EXCEPTION

Minnesota Statutes

§ 462C.10 — OFFICIAL ACTION EXCEPTION

Minnesota § 462C.10

PartLOCAL GOVERNMENT POLICE POWERS

Ch. 462CMUNICIPAL HOUSING

This text of Minnesota § 462C.10 (OFFICIAL ACTION EXCEPTION) 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. § 462C.10 (2026).

Text

Bonds or other obligations which were approved by official action of a city before April 25, 1979, and exempted from the provisions of the Mortgage Subsidy Bond Tax Act of 1980, Public Law 96-499, pursuant to section 1104(b) may be issued without regard to the restrictions of section462C.07, subdivision 2, except that for the purpose of subsequent bond issues, the exempted issues shall count against the cap provided in section462C.07, subdivision 2.

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Bonds or other obligations which were approved by official action of a city before April 25, 1979, and exempted from the provisions of the Mortgage Subsidy Bond Tax Act of 1980, Public Law 96-499, pursuant to section 1104(b) may be issued without regard to the restrictions of section462C.07, subdivision 2, except that for the purpose of subsequent bond issues, the exempted issues shall count against the cap provided in section462C.07, subdivision 2.