Minnesota Statutes Local Public Utilities, Enterprises (Ch. 451-459) § 451.05. Bonds, obligations for heat not part of city debt

Subdivision 1. Obligations.An obligation incurred by a home rule charter city of the fourth class in making arrangements to furnish heat to the city's residents undersection 451.04is not part of the city's debt under its charter or under state law limiting the city's debt.

Subd. 2. Bonds.The amount of bonds issued undersection 451.04and at any time outstanding are not part of the city's net debt under its charter or under other law.