Minnesota § 477A.085 DEBT SERVICE AID; CITY OF MINNEAPOLIS

Minnesota Statutes

§ 477A.085 — DEBT SERVICE AID; CITY OF MINNEAPOLIS

Minnesota § 477A.085

PartPUBLIC DEBT; LOCAL GOVERNMENT AID

Ch. 477ALOCAL GOVERNMENT AID

This text of Minnesota § 477A.085 (DEBT SERVICE AID; CITY OF MINNEAPOLIS) 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. § 477A.085 (2026).

Text

On or before November 1, 2016, and the first day of each November thereafter, the commissioner shall pay to the city of Minneapolis an amount equal to 40 percent of the city's otherwise required levy to pay its general obligation library referendum bonds for the following calendar year. The levy excludes any amount to pay bonds, other than refunding bonds, issued after May 1, 2013. An amount sufficient to pay the aid under this section is appropriated from the general fund to the commissioner of revenue.

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On or before November 1, 2016, and the first day of each November thereafter, the commissioner shall pay to the city of Minneapolis an amount equal to 40 percent of the city's otherwise required levy to pay its general obligation library referendum bonds for the following calendar year. The levy excludes any amount to pay bonds, other than refunding bonds, issued after May 1, 2013. An amount sufficient to pay the aid under this section is appropriated from the general fund to the commissioner of revenue.