Section 474A.01 — Citation.

474A.01 CITATION. Sections 474A.01 to 474A.21 may be cited as the “Minnesota Bond Allocation Act.” History: 1986 c 465 art 1 s 9

Section 474A.02 — Definitions.

474A.02 DEFINITIONS. Subdivision 1. Terms defined. For the purposes of this chapter, the terms defined in this section shall have the meanings given them. Subd. 1a. Aggregate bond limitation. “Aggregate bond limitation” means up to 55 percent of the reasonably expected aggregate basis of a residential rental project and the land on which the project […]

Section 474A.025 — Deadline Dates And Times.

474A.025 DEADLINE DATES AND TIMES. All applications, notices, and other materials required to be filed or submitted to the department pursuant to this chapter must be received by the department no later than 4:30 p.m. on the deadline day or date. When an application, notice, or other required material is required to be filed or […]

Section 474A.03 — Determination Of Annual Volume Cap.

474A.03 DETERMINATION OF ANNUAL VOLUME CAP. Subdivision 1. Under federal tax law; allocations. At the beginning of each calendar year after December 31, 2001, the commissioner shall determine the aggregate dollar amount of the annual volume cap under federal tax law for the calendar year, and of this amount the commissioner shall make the following […]

Section 474A.04 — Entitlement Allocations Under Existing Federal Tax Law.

474A.04 ENTITLEMENT ALLOCATIONS UNDER EXISTING FEDERAL TAX LAW. Subdivision 1. [Repealed, 1987 c 268 art 16 s 45] Subd. 1a. Entitlement reservations. Any amount returned by an entitlement issuer before the last Monday in June shall be reallocated through the housing pool. Any amount returned on or after the last Monday in June shall be […]

Section 474A.045 — Scoring; Enterprise Zone Facility, Manufacturing Project.

474A.045 SCORING; ENTERPRISE ZONE FACILITY, MANUFACTURING PROJECT. The following criteria must be used in determining the allocation of enterprise zone facility bonds and small issue bonds for manufacturing projects. The issuer must prepare and submit to the commissioner a public purpose scoring worksheet that presents the data and methods used in determining the total score […]

Section 474A.047 — Residential Rental Bonds; Limitations.

474A.047 RESIDENTIAL RENTAL BONDS; LIMITATIONS. Subdivision 1. Eligibility. (a) An issuer may only use the proceeds from residential rental bonds if the proposed project meets the following requirements: (1) the proposed residential rental project meets the requirements of section 142(d) of the Internal Revenue Code regarding the incomes of the occupants of the housing; and […]

Section 474A.061 — Manufacturing, Housing, And Public Facilities Pools.

474A.061 MANUFACTURING, HOUSING, AND PUBLIC FACILITIES POOLS. Subdivision 1. Allocation application; small issue pool and public facilities pool. (a) For any requested allocations from the small issue pool and the public facilities pool, an issuer may apply for an allocation under this section by submitting to the department an application on forms provided by the […]

Section 474A.062 — Minnesota Office Of Higher Education Issuance Exemption.

474A.062 MINNESOTA OFFICE OF HIGHER EDUCATION ISSUANCE EXEMPTION. The Minnesota Office of Higher Education is exempt from any time limitation on issuance of bonds set forth in this chapter and may carry forward allocations for student loan bonds, subject to carryforward notice requirements of section 474A.131, subdivision 2. History: 2001 c 214 s 31; 2005 […]

Section 474A.091 — Allocation Of Unified Pool.

474A.091 ALLOCATION OF UNIFIED POOL. Subdivision 1. Unified pool amount. On the day after the last Monday in June any bonding authority remaining unallocated from the small issue pool, the housing pool, and the public facilities pool is transferred to the unified pool and must be reallocated as provided in this section. Subd. 2. Application […]

Section 474A.131 — Notice Of Issue And Notice Of Carryforward.

474A.131 NOTICE OF ISSUE AND NOTICE OF CARRYFORWARD. Subdivision 1. Notice of issue. (a) Each issuer with an allocation received under this chapter shall provide a notice of issue to the department on forms provided by the department stating: (1) the date of issuance of the bonds; (2) the title of the issue; (3) the […]

Section 474A.14 — Notice Of Available Authority.

474A.14 NOTICE OF AVAILABLE AUTHORITY. The department shall provide at its official website a written notice of the amount of bonding authority in the housing, small issue, and public facilities pools as soon after January 1 as possible. The department shall provide at its official website a written notice of the amount of bonding authority […]

Section 474A.15 — State Held Harmless.

474A.15 STATE HELD HARMLESS. The state is not liable in any manner to any issuer, holder of obligations, or other person for carrying out the duties imposed on it under this chapter. History: 1986 c 465 art 1 s 23; 1987 c 268 art 16 s 35; 1991 c 346 s 26

Section 474A.16 — Exclusive Method Of Allocation.

474A.16 EXCLUSIVE METHOD OF ALLOCATION. This chapter is the exclusive method for allocating authority to issue obligations for the purposes of complying with the volume limitation of federal tax law. History: 1986 c 465 art 1 s 24; 1987 c 268 art 16 s 36; 1991 c 346 s 27

Section 474A.17 — Administrative Procedure Act Not Applicable.

474A.17 ADMINISTRATIVE PROCEDURE ACT NOT APPLICABLE. Chapter 14, including section 14.386, does not apply to actions taken by any state agency or entity under this chapter. History: 1986 c 465 art 1 s 25; 1987 c 268 art 16 s 37; 1991 c 346 s 28; 1997 c 187 art 4 s 9

Section 474A.21 — Appropriation; Receipts.

474A.21 APPROPRIATION; RECEIPTS. Any fees collected by the department under sections 474A.01 to 474A.21 must be deposited in a separate account in the special revenue fund. The amount necessary to refund application deposits is appropriated to the department from the separate account in the special revenue fund for that purpose. The interest accruing on application […]