Source: https://www.revisor.mn.gov/statutes/2019/cite/216C.37
Timestamp: 2020-02-22 16:35:23
Document Index: 246983130

Matched Legal Cases: ['art 6', 'art 2', 'art 7', 'art 1', 'art 3', 'art 1', 'art 2', 'art 6', 'art 2']

﻿ Sec. 216C.37 MN Statutes
Section 216C.37
216C.36 216C.373
2001 Subd. 1 Amended 2001 c 4 art 6 s 51
1996 Subd. 7 Amended 1996 c 305 art 2 s 42
1994 Subd. 1 Amended 1994 c 616 s 2
1994 Subd. 3 Amended 1994 c 616 s 3
1994 Subd. 3a New 1994 c 616 s 4
1994 Subd. 3b New 1994 c 616 s 5
1994 Subd. 8 Repealed 1994 c 616 s 12
The commissioner shall not approve payment to a municipality pursuant to an approved loan until the commissioner has determined that financing of the project is assured by an irrevocable undertaking, by resolution of the governing body of the municipality, to annually levy or otherwise collect an amount of money sufficient to pay the principal and interest due on the loan as well as any of the commissioner of management and budget's administrative expenses according to the terms of the loan.
The commissioner of management and budget shall deposit in the state treasury all principal and interest payments received in repayment of the loans authorized by this section. These payments shall be credited to the bond proceeds fund and are appropriated to the commissioner of management and budget for the purposes of that account.
1983 c 289 s 115 subd 1; 1983 c 323 s 1; 1984 c 640 s 32; 1Sp1985 c 12 art 7 s 1; 1986 c 444; 1987 c 186 s 15; 1987 c 289 s 1; 1987 c 312 art 1 s 10 subd 1; 1987 c 386 art 3 s 16,17; 1989 c 271 s 31; 1993 c 163 art 1 s 28; 1993 c 327 s 15; 1994 c 616 s 2-5; 1996 c 305 art 2 s 42; 1Sp2001 c 4 art 6 s 51; 2009 c 101 art 2 s 109