Modifies Sauk Centre local sales tax authorization, setting a cap on bond issuance and tax expiration.

This bill modifies the Sauk Centre local sales tax authorization by setting a cap on the principal amount of bonds issued at $20 million, plus costs related to bond issuance. The tax will expire earlier if the city council determines that $10 million to $20 million has been collected to cover project costs and bond issuance expenses. The modifications are effective upon voter approval and compliance with state statutes.

Modifies Sauk Centre local sales tax authorization, setting a cap on bond issuance and tax expiration.

This bill modifies the Sauk Centre local sales tax authorization by setting a cap on the principal amount of bonds issued at $20 million, plus costs related to bond issuance. The tax will expire earlier if the city council determines that $10 million to $20 million has been collected to cover project costs and bond issuance expenses. The modifications are effective upon voter approval and compliance with state statutes.