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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2405 - City of Woodbury; Issuance of Bonds
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Author:
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Senator Theodore Lillie
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
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Date:
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March 26, 2012
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Notwithstanding the referendum requirement, this bill allows the city of Woodbuy to issue and sell bonds to pay for the costs of renovating, expanding, improving, and equipping the Bielenberg Sports Center. To qualify, the bonds must be secured by a pledge of revenues from the facility and the city must find that the bonds can be paid for through a tax levy that is not larger than the levy used to pay the original bonds to finance the center.
ESS:dv
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Check on the status of this bill
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/26/2012
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