A bill for an act
relating to taxation; modifying authority related to the Hennepin County local sales
and use tax; amending Minnesota Statutes 2022, sections 473.756, by adding a
subdivision; 473.757, subdivisions 1, 2, 3, 4, 7, 8, 9, 11, by adding subdivisions;
473.759, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2022, section 473.756, is amended by adding a subdivision
to read:
new text begin
The authority is deemed a qualifying government for purposes of section
118A.09, subdivision 1. Whenever the authority's investments are managed by the county,
the authority's additional long-term equity investment limitations as provided in section
118A.09, subdivision 3, are calculated based on the county's most recent audited statement
of net position instead of the authority's most recent audited statement of net position.
new text end
Minnesota Statutes 2022, section 473.757, subdivision 1, is amended to read:
The county may authorize, by resolution, and make
one or more grants to the authority for ballpark development and construction, public
infrastructure,new text begin capital improvements of the ballpark or public infrastructure within the
development area,new text end reserves for capital improvements, and other purposes related to the
ballpark on the terms and conditions agreed to by the county and the authority.
Minnesota Statutes 2022, section 473.757, is amended by adding a subdivision to
read:
new text begin
(a) To the extent funds are available
from collections of the tax authorized by subdivision 10 after payment each year of debt
service on the bonds authorized and issued under subdivision 9 and payments for the purposes
described in subdivision 1, the county may also authorize, by resolution, appropriations to
fund:
new text end
new text begin
(1) the development, construction, improvement, and equipping of county-owned or
operated health care facilities;
new text end
new text begin
(2) public infrastructure determined by the county to facilitate the development and use
of facilities described in clause (1);
new text end
new text begin
(3) reserves for capital improvements; and
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(4) other purposes related to health care facilities.
new text end
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(b) Funds may be authorized pursuant to this subdivision through the county's capital
improvement budget.
new text end
Minnesota Statutes 2022, section 473.757, subdivision 2, is amended to read:
To the extent funds are available from collections of
the tax authorized by subdivision 10 after payment each year of debt service on the bonds
authorized and issued under subdivision 9 and payments for the purposes described in
deleted text begin subdivisiondeleted text end new text begin subdivisionsnew text end 1new text begin and 1anew text end , the county may also authorize, by resolution, deleted text begin and expend
or makedeleted text end grants to the authority and to other governmental units and nonprofit organizations
in an aggregate amount of up to $4,000,000 annually, increased by up to 1.5 percent annually
to fund equally: (1) youth activities and youth and amateur sports within Hennepin County;
and (2) the cost of extending the hours of operation of Hennepin County libraries deleted text begin and
Minneapolis public librariesdeleted text end .new text begin Funds authorized pursuant to this paragraph may be expended
consistent with the terms of each grant.
new text end
The money provided under this subdivision is intended to supplement and not supplant
county expenditures for these purposes as of May 27, 2006.
Hennepin County must provide reports to the chairs of the committees and budget
divisions in the senate and the house of representatives that have jurisdiction over education
policy and funding, describing the uses of the money provided under this subdivision. The
first report must be made by January 15, 2009, and subsequent reports must be made on
January 15 of each subsequent odd-numbered year.
Minnesota Statutes 2022, section 473.757, subdivision 3, is amended to read:
The amount that the county may grant or
expend for ballpark costs shall not exceed $260,000,000. deleted text begin The amount of any grant for capital
improvement reserves shall not exceed $1,000,000 annually, subject to the agreement under
section 473.759, subdivision 3, and to annual increases according to an inflation index
acceptable to the county.deleted text end The amount of grants or expenditures for land, site improvements,
and public infrastructure shall not exceed $90,000,000, excluding capital improvement
reserves, bond reserves, capitalized interest, and financing costs. The authority to spend
money for land, site improvements, and public infrastructure is limited to payment of
amounts incurred or for construction contracts entered into during the period ending five
years after the date of the issuance of the initial series of bonds under Laws 2006, chapter
257. Such grant agreements are valid and enforceable notwithstanding that they involve
payments in future years and they do not constitute a debt of the county within the meaning
of any constitutional or statutory limitation or for which a referendum is required.
Minnesota Statutes 2022, section 473.757, is amended by adding a subdivision to
read:
new text begin
Notwithstanding the limitations in subdivision
3, the county may make grants to the authority for capital improvement expenditures. The
amount of any grant to the authority for capital improvement expenditures must not exceed
$9,000,000 annually. The grants are subject to agreement under section 473.759, subdivision
3, and to annual increases according to an inflation index acceptable to the county. Grant
agreements are valid and enforceable notwithstanding the fact that they involve payments
in future years. The grants do not constitute a debt of the county within the meaning of any
constitutional or statutory limitation or for which a referendum is required.
new text end
Minnesota Statutes 2022, section 473.757, subdivision 4, is amended to read:
new text begin (a) new text end The county may acquire by purchase,
eminent domain, or gift, land, air rights, and other property interests within the development
area for the ballpark site and public infrastructure and convey it to the authority with or
without consideration, prepare a site for development as a ballpark, and acquire and construct
any related public infrastructure. The purchase of property and development of public
infrastructure financed with revenues under this section is limited to infrastructure within
the development area or within 1,000 feet of the border of the development area. The public
infrastructure may include the construction and operation of parking facilities within the
development area notwithstanding any law imposing limits on county parking facilities in
the city of Minneapolis. The county may acquire and construct property, facilities, and
improvements within the stated geographical limits for the purpose of drainage and
environmental remediation for property within the development area, walkways and a
pedestrian bridge to link the ballpark to Third Avenue distributor ramps, street and road
improvements and access easements for the purpose of providing access to the ballpark,
streetscapes, connections to transit facilities and bicycle trails, and any utility modifications
which are incidental to any utility modifications within the development area.
new text begin
(b) The county or any of its subsidiaries may acquire by purchase, eminent domain, or
gift, land, air rights, and other property interests within the county for health care facil