Minnesota HF4194 amends the approved uses of local sales tax funds collected by Rochester, adjusting allocations and project timelines.
Minnesota HF4194 modifies the approved uses of local sales tax funds collected by Rochester. It allocates $50 million for an economic vitality fund, $50 million for street reconstruction, and $40 million for flood control and water quality. The bill also allows the city to issue bonds to finance projects and specifies that any remaining funds after project completion can be placed in the city's general fund. The tax expires when sufficient funds are raised to meet project costs or by December 31, 2049, whichever is earlier.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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