Minnesota HF2730 modifies local government debt financing by altering election requirements and approval processes for issuing bonds for capital.
Minnesota HF2730 amends local government debt financing rules by exempting bonds for capital improvements from certain election requirements. County bonds for capital improvements no longer need voter approval if approved by at least three-fifths of the county board, or two-thirds in metropolitan counties. Metropolitan counties must also align their plans with regional development policies.
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