Source: https://www.revisor.mn.gov/statutes/2011/cite/103D.905
Timestamp: 2019-08-20 06:37:37
Document Index: 300134047

Matched Legal Cases: ['art 4', 'art 4', 'art 3', 'art 4', 'art 2', 'art 3']

﻿ Sec. 103D.905 MN Statutes
Section 103D.905
103D.901 103D.911
2019 Subd. 5 Amended 2019 c 6 art 4 s 1
2019 Subd. 9 Amended 2019 c 6 art 4 s 2
2001 Subd. 3 Amended 2001 c 5 art 3 s 4
(a) An organizational expense fund, consisting of an ad valorem tax levy, shall not exceed 0.01596 percent of taxable market value, or $60,000, whichever is less. The money in the fund shall be used for organizational expenses and preparation of the watershed management plan for projects.
A general fund, consisting of an ad valorem tax levy, may not exceed 0.048 percent of taxable market value, or $250,000, whichever is less. The money in the fund shall be used for general administrative expenses and for the construction or implementation and maintenance of projects of common benefit to the watershed district. The managers may make an annual levy for the general fund as provided in section 103D.911. In addition to the annual general levy, the managers may annually levy a tax not to exceed 0.00798 percent of taxable market value for a period not to exceed 15 consecutive years to pay the cost attributable to the basic water management features of projects initiated by petition of a political subdivision within the watershed district or by petition of at least 50 resident owners whose property is within the watershed district.
(b) The survey and data acquisition fund consists of the proceeds of a property tax that can be levied only once every five years. The levy may not exceed 0.02418 percent of taxable market value.
1990 c 391 art 4 s 69; 1995 c 199 s 56,57; 1997 c 231 art 2 s 2-4; 1Sp2001 c 5 art 3 s 4; 2011 c 107 s 107