Bill Text: MN HF502 | 2011-2012 | 87th Legislature | Engrossed
Bill Title: Youth sports and library permitted use of revenue modified for other purposes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-01 - Referred by Chair to Property and Local Tax Division [HF502 Detail]
Download: Minnesota-2011-HF502-Engrossed.html
1.2relating to revenue; baseball stadium; modifying permitted use of revenues
1.3for other purposes; amending Minnesota Statutes 2010, section 473.757,
1.4subdivisions 2, 11.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 473.757, subdivision 2, is amended to read:
1.7 Subd. 2. Youth sports; library. To the extent funds are available from collections
1.8of the tax authorized by subdivision 10 after payment each year of debt service on the
1.9bonds authorized and issued under subdivision 9 and payments for the purposes described
1.10in subdivision 1, the county may also authorize, by resolution, and expend or make
1.11grants to the authority and to other governmental units and nonprofit organizations in an
1.12aggregate amount of up to $4,000,000 annually, increased by up to 1.5 percent annually
1.13to fund equally: (1) youth activities and youth and amateur sports within Hennepin
1.14County; and (2) the cost of extending the hours of operation of Hennepin County libraries
1.15and Minneapolis public libraries.
1.16The money provided under this subdivision is intended to supplement and not
1.17supplant county expenditures for these purposes as of May 27, 2006.
1.18Hennepin County must provide reports to the chairs of the committees and budget
1.19divisions in the senate and the house of representatives that have jurisdiction over
1.20education policy and funding, describing the uses of the money provided under this
1.21subdivision. The first report must be made by January 15, 2009, and subsequent reports
1.22must be made on January 15 of each subsequent odd-numbered year.
1.23EFFECTIVE DATE.This section is effective the day following final enactment.
2.1 Sec. 2. Minnesota Statutes 2010, section 473.757, subdivision 11, is amended to read:
2.2 Subd. 11. Uses of tax. (a) Revenues received from the tax imposed under
2.3subdivision 10 may be used:
2.4(1) to pay costs of collection;
2.5(2) to pay or reimburse or secure the payment of any principal of, premium, or
2.6interest on bonds issued in accordance with this act;
2.7(3) to pay costs and make expenditures and grants described in this section, including
2.8financing costs related to them;
2.9(4) to maintain reserves for the foregoing purposes deemed reasonable and
2.10appropriate by the county;
2.11(5) to pay for operating costs of the ballpark authority other than the cost of
2.12operating or maintaining the ballpark; and
2.13(6) to make expenditures and grants for youth activities and amateur sports and
2.14extension of library hours as described in subdivision 2;
2.15and for no other purpose.
2.16(b) Revenues from the tax designated for use under paragraph (a), clause (5), must
2.17be deposited in the operating fund of the ballpark authority.
2.18(c) After completion of the ballpark and public infrastructure, the tax revenues not
2.19required for current payments of the expenditures described in paragraph (a), clauses (1) to
2.20(6), shall be used to (i) redeem or defease the bonds and (ii) prepay or establish a fund for
2.21payment of future obligations under grants or other commitments for future expenditures
2.22which are permitted bythis section paragraph (a), clauses (1) to (5), but no additional tax
2.23revenues may be deposited in the fund when its balance exceeds $20,000,000. Upon the
2.24redemption or defeasance of the bonds and the establishment of reserves adequate to meet
2.25such future obligations, the taxes shall terminate and shall not be reimposed.
2.26EFFECTIVE DATE.This section is effective the day following final enactment.
1.3for other purposes; amending Minnesota Statutes 2010, section 473.757,
1.4subdivisions 2, 11.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 473.757, subdivision 2, is amended to read:
1.7 Subd. 2. Youth sports; library. To the extent funds are available from collections
1.8of the tax authorized by subdivision 10 after payment each year of debt service on the
1.9bonds authorized and issued under subdivision 9 and payments for the purposes described
1.10in subdivision 1, the county may also authorize, by resolution, and expend or make
1.11grants to the authority and to other governmental units and nonprofit organizations in an
1.12aggregate amount of up to $4,000,000 annually
1.13to fund equally: (1) youth activities and youth and amateur sports within Hennepin
1.14County; and (2) the cost of extending the hours of operation of Hennepin County libraries
1.15and Minneapolis public libraries.
1.16The money provided under this subdivision is intended to supplement and not
1.17supplant county expenditures for these purposes as of May 27, 2006.
1.18Hennepin County must provide reports to the chairs of the committees and budget
1.19divisions in the senate and the house of representatives that have jurisdiction over
1.20education policy and funding, describing the uses of the money provided under this
1.21subdivision. The first report must be made by January 15, 2009, and subsequent reports
1.22must be made on January 15 of each subsequent odd-numbered year.
1.23EFFECTIVE DATE.This section is effective the day following final enactment.
2.1 Sec. 2. Minnesota Statutes 2010, section 473.757, subdivision 11, is amended to read:
2.2 Subd. 11. Uses of tax. (a) Revenues received from the tax imposed under
2.3subdivision 10 may be used:
2.4(1) to pay costs of collection;
2.5(2) to pay or reimburse or secure the payment of any principal of, premium, or
2.6interest on bonds issued in accordance with this act;
2.7(3) to pay costs and make expenditures and grants described in this section, including
2.8financing costs related to them;
2.9(4) to maintain reserves for the foregoing purposes deemed reasonable and
2.10appropriate by the county;
2.11(5) to pay for operating costs of the ballpark authority other than the cost of
2.12operating or maintaining the ballpark; and
2.13(6) to make expenditures and grants for youth activities and amateur sports and
2.14extension of library hours as described in subdivision 2;
2.15and for no other purpose.
2.16(b) Revenues from the tax designated for use under paragraph (a), clause (5), must
2.17be deposited in the operating fund of the ballpark authority.
2.18(c) After completion of the ballpark and public infrastructure, the tax revenues not
2.19required for current payments of the expenditures described in paragraph (a), clauses (1) to
2.20(6), shall be used to (i) redeem or defease the bonds and (ii) prepay or establish a fund for
2.21payment of future obligations under grants or other commitments for future expenditures
2.22which are permitted by
2.23revenues may be deposited in the fund when its balance exceeds $20,000,000. Upon the
2.24redemption or defeasance of the bonds and the establishment of reserves adequate to meet
2.25such future obligations, the taxes shall terminate and shall not be reimposed.
2.26EFFECTIVE DATE.This section is effective the day following final enactment.
