Elk River authorized to impose a local sales tax for specified purposes.

The bill amends the authorization for the city of Elk River to impose a local sales tax of one-half of one percent. The tax revenues can be used for specified purposes, including financing a new fire station. The city may issue bonds to cover project costs, with the aggregate principal amount not exceeding $55,000,000. The bonds are not subject to certain debt limitations and any tax levy to pay principal and interest on the bonds is not subject to any levy limitation.

Elk River authorized to impose a local sales tax for specified purposes.

The bill amends the authorization for the city of Elk River to impose a local sales tax of one-half of one percent. The tax revenues can be used for specified purposes, including financing a new fire station. The city may issue bonds to cover project costs, with the aggregate principal amount not exceeding $55,000,000. The bonds are not subject to certain debt limitations and any tax levy to pay principal and interest on the bonds is not subject to any levy limitation.