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Minnesota Statutes Political Subdivisions, General Provisions (Ch. 465, 466) § 465.05. Tax levy to pay interest

Current as of January 01, 2025 | Updated by Findlaw Staff

When a city accepts a gift or donation undersection 465.04, the governing body of the city may enter into a written contract for the payment of interest as provided undersection 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.

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Cite this article: FindLaw.com - Minnesota Statutes Political Subdivisions, General Provisions (Ch. 465, 466) § 465.05. Tax levy to pay interest - last updated January 01, 2025 | https://codes.findlaw.com/mn/political-subdivisions-general-provisions-ch-465-466/mn-st-sect-465-05/

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