Minn. Stat. § 465.05

Current through Register Vol. 49, No. 8, August 19, 2024
Section 465.05 - TAX LEVY TO PAY INTEREST

When a city accepts a gift or donation under section 465.04, the governing body of the city may enter into a written contract for the payment of interest as provided under section 465.04. The city council shall annually levy a tax sufficient to pay the obligation incurred under the contract at the time other taxes are levied.

Minn. Stat. § 465.05

(1664) 1923 c 395 s 2; 2013 c 125 art 1 s 71

Amended by 2013 Minn. Laws, ch. 125,s 1-71, eff. 8/1/2013.