Modifies local government debt financing in Minnesota by altering bond issuance rules.
The bill modifies local government debt financing in Minnesota by amending statutes related to bond issuance. It allows counties to issue bonds without an election, determine bond security, interest rates, and maturity terms. Additionally, it mandates that school districts publish notice of bond issuance and projects in local newspapers. The bill also specifies that port authorities must set bond details with city council consent and that bonds mature serially.
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