Authorizes Oak Park Heights to impose a local sales and use tax to fund water infrastructure.
The bill 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. The tax can be used to pay for the costs of collecting and administering the tax, and the project itself. The tax expires after 20 years or when the city council determines that $41,000,000 has been collected. The city can issue bonds to finance the project, and the bonds are not subject to certain debt limitations.
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