The bill amends Minnesota Statutes 2022, section 103D.905, subdivision 3, to increase the maximum amount of a watershed district general fund tax levy. Specifically, it raises the cap from $250,000 to $500,000, allowing for greater financial resources to be allocated for general administrative expenses and the construction, implementation, and maintenance of projects that benefit the watershed district.
Additionally, the bill includes a provision that specifies the effective date of this change, stating that it will apply to taxable years beginning after December 31, 2023. This adjustment aims to enhance the funding capabilities of watershed districts, thereby supporting their operational and project-related needs more effectively.
Statutes affected: Introduction: 103D.905