Section 475A.01 — Citation.

475A.01 CITATION. Sections 475A.01 to 475A.06 shall be known and may be cited as the “Municipal Debt Service Aid Law.” History: 1971 c 856 s 1; Ex1971 c 46 s 1

Section 475A.02 — Definitions.

475A.02 DEFINITIONS. Subdivision 1. Terms. Except as provided in this section the terms contained in sections 475A.01 to 475A.06 shall have the meanings given them by section 475.51. Subd. 2. Municipality. “Municipality” means any city, town, county, school district or any political subdivision of the state which has the authority to issue general obligations. Subd. […]

Section 475A.03 — Guaranteed Bonds; Application.

475A.03 GUARANTEED BONDS; APPLICATION. Subdivision 1. Statement of security; 1971-1984 bonds. The governing body of any municipality, upon compliance with the terms of sections 475A.01 to 475A.06 and approval of the commissioner of management and budget may, after July 1, 1971 and before May 1, 1984, include in general obligation bonds of the municipality issued […]

Section 475A.04 — Debt Service Deficiency Loans.

475A.04 DEBT SERVICE DEFICIENCY LOANS. Subdivision 1. Procedure. In the event that funds sufficient to pay all of the principal and interest due on any guaranteed bond are not in the hands of the municipal treasurer or the paying agent at least 15 days before the due date, the treasurer or agent shall report the […]

Section 475A.05 — Municipal Bond Guaranty Fund.

475A.05 MUNICIPAL BOND GUARANTY FUND. Subdivision 1. Money in fund; excess. For the purpose of providing money to be loaned to municipalities to acquire and to better public lands and buildings and other public improvements of a capital nature, when needed to pay the principal of or interest on bonds issued for this purpose, or […]

Section 475A.06 — Minnesota State Municipal Aid Bonds.

475A.06 MINNESOTA STATE MUNICIPAL AID BONDS. Subdivision 1. Authority; proceeds; limit. For the purpose of providing money appropriated for loans to municipalities from the municipal bond guaranty fund under the provisions of section 475A.05, when authorized by law, the commissioner of management and budget shall issue and sell bonds of the state of Minnesota for […]