Minnesota HF3473 authorizes Oak Park Heights to impose a local sales and use tax to fund water infrastructure.

Minnesota HF3473 allows the city of Oak Park Heights to impose a local sales and use tax of one-half of one percent to finance water infrastructure projects, totaling $41,000,000 plus associated bonding costs. The tax is subject to voter approval and expires after 20 years or when the specified funding goal is met. The tax revenues must be used for collecting and administering the tax, and any remaining funds after costs are covered will be placed in the city's general fund. The issuance of bonds for the project is not subject to certain state statutes.

Minnesota HF3473 authorizes Oak Park Heights to impose a local sales and use tax to fund water infrastructure.

Minnesota HF3473 allows the city of Oak Park Heights to impose a local sales and use tax of one-half of one percent to finance water infrastructure projects, totaling $41,000,000 plus associated bonding costs. The tax is subject to voter approval and expires after 20 years or when the specified funding goal is met. The tax revenues must be used for collecting and administering the tax, and any remaining funds after costs are covered will be placed in the city's general fund. The issuance of bonds for the project is not subject to certain state statutes.