Authorizes the City of La Crescent to impose a local sales and use tax for ice arena upgrades.
The bill authorizes the City of La Crescent to impose a local sales and use tax, subject to voter approval, to fund upgrades to the La Crescent regional ice arena, including a new ice system and a rooftop solar energy system. The tax can be used to cover project costs, issuance costs, and debt service on associated bonds. Any remaining funds after project completion will be placed in the city's general fund. The tax can expire earlier if the city council determines the collected amount is sufficient to cover all costs.
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