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Bill > HF2730


MN HF2730

MN HF2730
Local government debt financing modified.


summary

Introduced
03/24/2025
In Committee
05/07/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; public financing; modifying local government debt financing; amending Minnesota Statutes 2024, sections 373.40, subdivision 2; 446A.086, subdivisions 1, 2; 462C.04, subdivision 2; 469.104; 469.154, subdivision 4; 474A.091, subdivisions 2, 2a; 475.521, subdivision 2; 641.23.

AI Summary

This bill modifies several provisions related to local government debt financing and public facilities across multiple Minnesota statutes. The changes primarily reduce the required public notice period for hearings from 14 to 10 days for various municipal and county actions involving bond issuances and project approvals. The bill expands the types of facilities that can be financed through certain debt mechanisms, such as allowing courthouse or justice center financing if connected to a jail or law enforcement facility. It also updates provisions for bond allocations, including clarifying timelines for issuing bonds and simplifying application processes for different types of bonds. Additionally, the bill adjusts rules around when voter approval is required for municipal and county bond issuances, providing more flexibility for local governments to finance capital improvements. The modifications aim to streamline local government financing processes, potentially making it easier for municipalities and counties to fund infrastructure and public facility projects while maintaining some public oversight mechanisms.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Second reading (on 05/07/2025)

bill text


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