summary
Introduced
03/24/2025
03/24/2025
In Committee
05/07/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2730&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2730&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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