{\rtf1\ansi\deff0{\fonttbl{\f0 Times New Roman;}}\margl480\margr0\margt0\margb0\fs20 \line \line \line {\pard {\plain \fs20 1.1 \tab}A bill for an act\line {\plain \fs20 1.2 \tab}relating to taxation; sales and use; authorizing the city of Sauk Centre to impose \line {\plain \fs20 1.3 \tab}a local sales and use tax.\line {\plain \fs20 1.4 \tab}BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:\line \line {\plain \fs20 1.5 \tab}Section 1. {\b {\ul CITY OF SAUK CENTRE; TAXES AUTHORIZED.\line }} {\ul {\plain \fs20 1.6 \tab\tab}Subdivision 1.}{\b {\ul Sales and use tax authorization.}} {\ul Notwithstanding Minnesota Statutes, \line {\plain \fs20 1.7 \tab}section 297A.99, subdivisions 1 and 2, or 477A.016, or any other law, ordinance, or city \line {\plain \fs20 1.8 \tab}charter, the city of Sauk Centre, pursuant to approval by the voters at the general election \line {\plain \fs20 1.9 \tab}on November 6, 2018, may impose by ordinance a sales and use tax of up to one-half of \line {\plain \fs20 1.10 \tab}one percent and a $20 motor vehicle excise tax for the purposes specified in subdivision 2. \line {\plain \fs20 1.11 \tab}Except as otherwise provided in this section, the provisions of Minnesota Statutes, section \line {\plain \fs20 1.12 \tab}297A.99, govern the imposition, administration, collection, and enforcement of the tax \line {\plain \fs20 1.13 \tab}authorized under this subdivision.\line }{\ul {\plain \fs20 1.14 \tab\tab}Subd. 2.}{\b {\ul Use of revenues.}} {\ul Revenues received from taxes authorized by subdivision 1 \line {\plain \fs20 1.15 \tab}must be used by the city to:\line }{\ul {\plain \fs20 1.16 \tab}(1) pay the costs of collecting and administering the tax;\line }{\ul {\plain \fs20 1.17 \tab}(2) pay the capital and administrative costs of transportation improvement projects, \line {\plain \fs20 1.18 \tab}including the reconstruction of Trunk Highway 71 and projects in the city of Sauk Centre \line {\plain \fs20 1.19 \tab}capital improvement plan; and\line }{\ul {\plain \fs20 1.20 \tab}(3) pay debt service on bonds issued under subdivision 3 or other obligations issued to \line {\plain \fs20 1.21 \tab}finance the improvements listed in this subdivision in the city.\line }{\ul {\plain \fs20 2.1 \tab\tab}Subd. 3.}{\b {\ul Bonding authority.}} {\ul (a) The city may issue bonds under Minnesota Statutes, \line {\plain \fs20 2.2 \tab}chapter 475, to pay the costs of the projects authorized in subdivision 2. The aggregate \line {\plain \fs20 2.3 \tab}principal amount of bonds issued under this subdivision may not exceed $10,000,000 plus \line {\plain \fs20 2.4 \tab}an amount to be applied to the payment of the costs of issuing the bonds. The bonds may \line {\plain \fs20 2.5 \tab}be paid from or secured by any funds available to the city, including the tax authorized \line {\plain \fs20 2.6 \tab}under subdivision 1. The issuance of bonds under this subdivision is not subject to Minnesota \line {\plain \fs20 2.7 \tab}Statutes, sections 275.60 and 275.61.\line }{\ul {\plain \fs20 2.8 \tab}(b) The bonds are not included in computing any debt limitation applicable to the city, \line {\plain \fs20 2.9 \tab}and any levy of taxes under Minnesota Statutes, section 475.61, to pay principal and interest \line {\plain \fs20 2.10 \tab}on the bonds is not subject to any levy limitation. A separate election to approve the bonds \line {\plain \fs20 2.11 \tab}under Minnesota Statutes, section 475.58, is not required.\line }{\ul {\plain \fs20 2.12 \tab\tab}Subd. 4.}{\b {\ul Termination of taxes.}} {\ul The tax imposed under subdivision 1 expires at the \line {\plain \fs20 2.13 \tab}earlier of: (1) December 31, 2045; or (2) when the city council determines that $10,000,000 \line {\plain \fs20 2.14 \tab}has been received from the tax to pay for the cost of the projects authorized under subdivision \line {\plain \fs20 2.15 \tab}2, plus an amount sufficient to pay the costs related to issuance of the bonds authorized \line {\plain \fs20 2.16 \tab}under subdivision 3, including interest on the bonds. Any funds remaining after payment \line {\plain \fs20 2.17 \tab}of all such costs and retirement or redemption of the bonds shall be placed in the general \line {\plain \fs20 2.18 \tab}fund of the city. The tax imposed under subdivision 1 may expire at an earlier time if the \line {\plain \fs20 2.19 \tab}city so determines by ordinance.\line } \line {\b {\ul {\plain \fs20 2.20 \tab}EFFECTIVE DATE.}} {\ul This section is effective the day after the governing body of the \line {\plain \fs20 2.21 \tab}city and its chief clerical officer comply with Minnesota Statutes, section 645.021, \line {\plain \fs20 2.22 \tab}subdivisions 2 and 3.\line } \par} }