Bill Text: MN HF1049 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Reverse referendum approval of debt issuance provided.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2013-02-28 - Introduction and first reading, referred to Government Operations [HF1049 Detail]
Download: Minnesota-2013-HF1049-Introduced.html
1.2relating to local governments; providing for reverse referendum approval of
1.3certain issuance of debt; proposing coding for new law in Minnesota Statutes,
1.4chapter 416.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. [416.17] VOTER APPROVAL REQUIRED; LEASES OF PUBLIC
1.7BUILDINGS.
1.8 Subdivision 1. Reverse referendum; certain leases. (a) Before executing a
1.9qualified lease, a municipality must publish notice of its intention to execute the lease
1.10and the date and time of a hearing to obtain public comment on the matter. The notice
1.11must be published in the official newspaper of the municipality or in a newspaper of
1.12general circulation in the municipality and must include a statement of the amount of the
1.13obligations to be issued by the authority and the maximum amount of annual rent to be
1.14paid by the municipality under the qualified lease. The notice must be published at least
1.1514, but not more than 28, days before the date of the hearing.
1.16(b) A municipality may enter a lease subject to paragraph (a) only upon obtaining
1.17the approval of a majority of the voters voting on the question of issuing the obligations, if
1.18a petition requesting a vote on the issuance is signed by voters equal to five percent of
1.19the votes cast in the municipality in the last general election and is filed with the county
1.20auditor within 30 days after the public hearing.
1.21 Subd. 2. Definitions. (a) For purposes of this section, the following terms have
1.22the meanings given them.
1.23(b) "Authority" includes any of the following governmental units, the boundaries of
1.24which include all or part of the geographic area of the municipality:
2.1(1) a housing and redevelopment authority, as defined in section 469.002;
2.2(2) a port authority or seaway port authority, as defined in section 469.048;
2.3(3) an economic development authority, as defined in section 469.090; or
2.4(4) an entity established or exercising powers under a special law with powers
2.5similar to those of an entity described in clauses (1) to (3).
2.6(c) "Municipality" means a statutory or home rule charter city, a county, or a town
2.7described in section 368.01.
2.8(d) "Qualified lease" means a lease for use of public land, all or part of a public
2.9building, or other public facilities consisting of real property for a term of three or more
2.10years as a lessee if the property to be leased to the municipality was acquired or improved
2.11with the proceeds of obligations, as defined in section 475.51, subdivision 3, issued by an
2.12authority.
1.3certain issuance of debt; proposing coding for new law in Minnesota Statutes,
1.4chapter 416.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. [416.17] VOTER APPROVAL REQUIRED; LEASES OF PUBLIC
1.7BUILDINGS.
1.8 Subdivision 1. Reverse referendum; certain leases. (a) Before executing a
1.9qualified lease, a municipality must publish notice of its intention to execute the lease
1.10and the date and time of a hearing to obtain public comment on the matter. The notice
1.11must be published in the official newspaper of the municipality or in a newspaper of
1.12general circulation in the municipality and must include a statement of the amount of the
1.13obligations to be issued by the authority and the maximum amount of annual rent to be
1.14paid by the municipality under the qualified lease. The notice must be published at least
1.1514, but not more than 28, days before the date of the hearing.
1.16(b) A municipality may enter a lease subject to paragraph (a) only upon obtaining
1.17the approval of a majority of the voters voting on the question of issuing the obligations, if
1.18a petition requesting a vote on the issuance is signed by voters equal to five percent of
1.19the votes cast in the municipality in the last general election and is filed with the county
1.20auditor within 30 days after the public hearing.
1.21 Subd. 2. Definitions. (a) For purposes of this section, the following terms have
1.22the meanings given them.
1.23(b) "Authority" includes any of the following governmental units, the boundaries of
1.24which include all or part of the geographic area of the municipality:
2.1(1) a housing and redevelopment authority, as defined in section 469.002;
2.2(2) a port authority or seaway port authority, as defined in section 469.048;
2.3(3) an economic development authority, as defined in section 469.090; or
2.4(4) an entity established or exercising powers under a special law with powers
2.5similar to those of an entity described in clauses (1) to (3).
2.6(c) "Municipality" means a statutory or home rule charter city, a county, or a town
2.7described in section 368.01.
2.8(d) "Qualified lease" means a lease for use of public land, all or part of a public
2.9building, or other public facilities consisting of real property for a term of three or more
2.10years as a lessee if the property to be leased to the municipality was acquired or improved
2.11with the proceeds of obligations, as defined in section 475.51, subdivision 3, issued by an
2.12authority.
