2025 Session
Last amended: 1987 session
§ 469.151 — State and County Not Liable on Bonds
Plain-Language Summary
Clarifies that the state and counties are not responsible for paying bonds issued under the taconite program.
469.151 STATE AND COUNTY NOT LIABLE ON BONDS.
The bonds and other obligations of an authority shall not be the debt of the state of Minnesota or of any county or political subdivision.
History:
History: History:
1987 c 291 s 152
Practical Notes
Taconite development bonds are not backed by state or county taxpayers.