Section 462D.04 — Account Holder Responsibilities.
462D.04 ACCOUNT HOLDER RESPONSIBILITIES. Subdivision 1. Expenses; reporting. The account holder must: (1) not use funds in a first-time home buyer savings account to pay expenses of administering the account, except that a service fee may be deducted from the account by the financial institution in which the account is held; and (2) submit to […]
Section 462D.05 — Financial Institutions.
462D.05 FINANCIAL INSTITUTIONS. (a) A financial institution is not required to take any action to ensure compliance with this chapter, including to: (1) designate an account, designate qualified beneficiaries, or modify the financial institution’s account contracts or systems in any way; (2) track the use of money withdrawn from a first-time home buyer savings account; […]
Section 462D.06 — Subtraction; Addition; Additional Tax.
462D.06 SUBTRACTION; ADDITION; ADDITIONAL TAX. Subdivision 1. Subtraction. (a) As provided in section 290.0132, subdivision 25, an account holder is allowed a subtraction from federal adjusted gross income equal to interest or dividends earned on the first-time home buyer savings account during the taxable year. (b) The subtraction under paragraph (a) is allowed each year […]
Section 463.01 — Building Lines, Easements; Existing Structures.
463.01 BUILDING LINES, EASEMENTS; EXISTING STRUCTURES. The council of any city, including any city of this state operating under a home rule charter adopted pursuant to the Constitution of the state of Minnesota, article 4, section 36, article XI, section 4, or article XII, section 5, may establish along any street or highway within such […]
Section 463.02 — Grant, Condemnation Or Dedication.
463.02 GRANT, CONDEMNATION OR DEDICATION. Such easement may be acquired by the council by purchase, by grant, or by condemnation. It may also be created by dedication by indicating such building line upon any plat hereafter recorded in the office of the county recorder of the county where the land lies; and the council shall […]
Section 463.03 — Along Parks And Parkways.
463.03 ALONG PARKS AND PARKWAYS. Any board of park commissioners having control of any park or parkway may in like manner acquire building line easements along the same, or any portion thereof. History: (1321-3) 1903 c 194 s 3
Section 463.04 — Condemnation Proceedings For Building Line Easements.
463.04 CONDEMNATION PROCEEDINGS FOR BUILDING LINE EASEMENTS. The easement specified in section 463.03 may be acquired by proceedings to be conducted in accordance with chapter 117 by the board of park commissioners, in case of parks and parkways controlled by a board of park commissioners, and by the city council in other cases. The term […]
Section 462C.10 — Official Action Exception.
462C.10 OFFICIAL ACTION EXCEPTION. Bonds or other obligations which were approved by official action of a city before April 25, 1979, and exempted from the provisions of the Mortgage Subsidy Bond Tax Act of 1980, Public Law 96-499, pursuant to section 1104(b) may be issued without regard to the restrictions of section 462C.07, subdivision 2, […]
Section 462C.11 — Mortgage Credit Certificate Programs.
462C.11 MORTGAGE CREDIT CERTIFICATE PROGRAMS. Subdivision 1. City program. A city may include in the housing plan a program to issue and administer mortgage credit certificates, under a qualified mortgage credit certificate program, to assist in the acquisition, qualified rehabilitation, or qualified home improvement of the recipient’s principal residence. Subd. 2. Program requirements. Mortgage credit […]
Section 462C.12 — Minneapolis/st. Paul Housing Finance Board; Powers; Jurisdiction.
462C.12 MINNEAPOLIS/ST. PAUL HOUSING FINANCE BOARD; POWERS; JURISDICTION. Subdivision 1. Establishment of housing board ratified. The establishment of the Minneapolis/St. Paul Housing Finance Board in accordance with a joint powers agreement entered into between the Minneapolis Community Development Agency and the Housing and Redevelopment Authority of the city of St. Paul, and accepted by the […]