Chapter 475 — Limitation of Tax Levies; Statement

471.69 Limitation of Tax Levies; Statement This law limits how much debt a school district, county, city, or town can take on in a year. The amount is based on the … 471.70 Annual Report of Outstanding Obligations Every city, school district, town, and other local government body must report its total outstanding debt to the county … 475.01 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.02 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.03 This section has been renumbered. Its content was moved to section 475.51. 475.04 This section has been renumbered. Its content was moved to section 475.03. 475.05 This section has been repealed or renumbered. It was removed from Minnesota law by 1947 c 296 s 6. 475.06 This section has been repealed or renumbered. It was removed from Minnesota law by 1947 c 296 s 6. 475.07 This section has been renumbered. Its content was moved to section 475.55. 475.08 This section has been renumbered. Its content was moved to section 475.31. 475.09 This section has been repealed or renumbered. It was removed from Minnesota law by 1947 c 296 s 6. 475.091 This section has been repealed or renumbered. It was removed from Minnesota law by 1947 c 296 s 6. 475.10 This section has been repealed or renumbered. It was removed from Minnesota law by 1947 c 296 s 6. 475.11 This section has been renumbered. Its content was moved to section 475.56. 475.12 This section has been renumbered. Its content was moved to section 475.71. 475.13 This section has been repealed or renumbered and is no longer in effect. 475.14 This section has been renumbered. Its content was moved to section 475.52. 475.15 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.16 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.17 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.18 This section has been renumbered. Its content was moved to section 475.65. 475.19 This section has been renumbered. Its content was moved to section 475.69. 475.20 This section has been renumbered. Its content was moved to section 475.70. 475.21 This section has been renumbered. Its content was moved to section 475.64. 475.22 This section has been renumbered. Its content was moved to section 471.69. 475.23 This section has been renumbered. Its content was moved to section 475.53. 475.24 This section has been renumbered. Its content was moved to section 475.54. 475.25 This section has been renumbered. Its content was moved to section 475.58. 475.26 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.27 This section has been renumbered. Its content was moved to section 475.62. 475.28 This section has been renumbered. Its content was moved to section 475.63. 475.29 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.30 This section has been renumbered. Its content was moved to section 475.66. 475.31 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.32 This section has been renumbered. Its content was moved to section 475.72. 475.33 This section has been renumbered. Its content was moved to section 471.70. 475.34 This section has been renumbered. Its content was moved to section 475.67. 475.35 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.36 This section has been repealed or renumbered and is no longer in effect. 475.37 This section has been repealed or renumbered and is no longer in effect. 475.38 This section has been repealed or renumbered and is no longer in effect. 475.39 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.40 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.41 This section has been renumbered. Its content was moved to section 475.68. 475.42 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.43 This section has been repealed or renumbered. It was removed from Minnesota law by 1949 c 682 s 26. 475.51 Definitions This section defines key terms used throughout the municipal debt chapter. It explains what counts as a 'municipality' … 475.52 Bond Issues; Purposes This section lists what types of projects each kind of municipality can issue bonds for. Cities can issue bonds for … 475.521 Capital Improvement Bonds Cities and towns can issue bonds for capital improvements like city halls, libraries, public safety buildings, and … 475.522 Grant Anticipation Financing of Transportation or Transit Projects Counties and cities can issue bonds to pay for transportation or transit projects before federal grant money arrives. … 475.525 Municipal District Heating Bonds Municipalities can issue general obligation bonds or revenue bonds to build, buy, expand, or operate a district heating … 475.53 Limit on Net Debt This section sets limits on how much debt a municipality can carry. Most cities and counties cannot have net debt above … 475.533 This section has been repealed. It was removed from Minnesota law by 1969 c 1056 s 11. 475.54 Maturities; Redemption This section sets rules for when bonds must be paid off and how they can be redeemed early. Most bonds must start … 475.55 Execution; Negotiability; Interest Rates This section covers how municipal bonds must be signed, their legal form, and interest rate rules. Bonds can be issued … 475.551 Excessive Interest, Validation This section validates bonds that were issued and sold in compliance with section 475.55. It confirms that those bonds … 475.552 This section has been repealed. It was removed from Minnesota law by 1971 c 903 s 6. 475.553 Paying Agent; Destruction of Obligations and Coupons This section allows municipalities to appoint a bank as a paying agent for bond payments and sets rules for destroying … 475.56 Interest Rate Municipalities can issue bonds with interest rates that change from year to year, and rates can be higher in later years … 475.561 Taxable Status; Special Provisions This section addresses what happens when the federal tax status of municipal bonds changes. If bond interest becomes … 475.57 Initiation of Proceedings; Resolution The process of issuing bonds starts when the governing body passes a resolution stating how much money it wants to … 475.58 Obligations; Elections to Determine Issue Most municipal bonds require voter approval, but many exceptions exist. No election is needed for bonds to pay … 475.59 Manner of Submission; Notice This section sets the rules for how a city, county, school district, or other local government unit puts a bond question … 475.60 Sale of Bonds This section requires local government bonds to be sold at competitive public auction after public notice, so that the … 475.61 Tax Levies This section requires every local government that issues general obligation bonds to levy property taxes sufficient to … 475.62 Register This section requires each county auditor to keep a register recording detailed information about every bond issue by … 475.63 Certificate as to Registration This section requires a municipality to obtain a certificate from the county auditor confirming that the bond issue has … 475.64 Levy by Auditor This section is a backstop provision that gives county auditors the power to levy property taxes directly to pay a … 475.65 Delivery of Bonds; Use of Proceeds This section governs what happens after bonds are sold and the buyer pays the purchase price. The municipality's … 475.66 This section number was repealed in 1996. All subdivisions of the former section 475.66 were repealed by Laws 1996, … 475.67 Refunding Bonds, Other Obligations; Validity; Procedure This section authorizes Minnesota municipalities to issue refunding bonds — new bonds used to pay off and retire … 475.68 Joint Liability of Town and Statutory City This section addresses how bonded debt is divided when a town and a statutory city share liability for the same bond … 475.69 Defaced Bonds; Duplicates This section allows a municipality to issue duplicate bonds when an original bond has become too damaged or worn to be … 475.70 Lost Instruments; Indemnity This section allows a municipality to issue replacement bonds when original bonds are lost or destroyed. The owner must … 475.71 This section number was repealed. The content formerly at section 475.71 was repealed by Laws 1984, chapter 563, section … 475.72 Violations and Penalties This section makes it a misdemeanor for any local government officer to knowingly fail to comply with the municipal bond … 475.73 State Board of Investment This section authorizes the State Board of Investment to purchase municipal bonds sold under chapter 475 if the bonds … 475.74 Law Limiting Taxes Not Applicable This section protects the repayment of general obligation bonds in large cities and certain school districts by … 475.75 This section number was repealed. The content formerly at section 475.75 was repealed by Laws 1996, chapter 310, section … 475.753 Municipalities Are Subject to This Chapter This section makes all Minnesota municipalities — including those operating under home rule charters adopted before … 475.754 Disaster, Public Emergency; Certificates of Indebtedness This section allows cities, counties, and towns to issue short-term certificates of indebtedness (up to three years) … 475.755 Emergency Debt Certificates This section allows cities, counties, and towns to borrow money by issuing short-term certificates of indebtedness (up … 475.76 This section number was repealed. The content formerly at section 475.76 was repealed by Laws 1996, chapter 399, article … 475.77 When Bond Allocation Act Applies This section requires Minnesota municipalities that issue bonds subject to federal volume cap limitations to comply with … 475.78 Perfection of Pledge; Security Interests This section makes it easier for municipalities to pledge their revenues or funds as security for their bonds. No filing … 475.79 Powers Available to Other Political Subdivisions This section extends many chapter 475 powers — such as bond terms, prepayment rights, sale procedures, use of proceeds, … 475.80 Attached, Annexed, Combined, Consolidated, Incorporated This section protects bondholders when municipalities are merged, annexed, or consolidated. If the surviving or new …