Minnesota § 471.72 APPLICATION; PURPOSE

Minnesota Statutes

§ 471.72 — APPLICATION; PURPOSE

Minnesota § 471.72

PartMUNICIPALITIES

Ch. 471MUNICIPAL RIGHTS, POWERS, DUTIES

This text of Minnesota § 471.72 (APPLICATION; PURPOSE) 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. § 471.72 (2026).

Text

Sections471.71to471.83apply to all cities, statutory cities, towns, and school districts in which more than 50 percent of the net tax capacity of taxable real and personal property, excluding money and credits, consists of unmined iron ore. Their purpose is to secure sound fiscal policies in, and remedy the financial condition of, municipalities, a large proportion of the property of which consists of a diminishing natural resource in which the state has a substantial interest.

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Sections471.71to471.83apply to all cities, statutory cities, towns, and school districts in which more than 50 percent of the net tax capacity of taxable real and personal property, excluding money and credits, consists of unmined iron ore. Their purpose is to secure sound fiscal policies in, and remedy the financial condition of, municipalities, a large proportion of the property of which consists of a diminishing natural resource in which the state has a substantial interest.