This bill modifies the local sales tax authorization for the city of Sauk Centre by amending existing legislation from 2019. It introduces a new subdivision that stipulates that any modifications to the city's bonding authority and the amount of tax that can be collected must be approved by voters at an election, as outlined in Minnesota Statutes. Additionally, the bill increases the maximum amount of bonds the city can issue from $10,000,000 to $20,000,000, and clarifies that the bonds will not be subject to certain debt limitations or require a separate election for approval.

Furthermore, the bill amends the termination conditions for the local sales tax, allowing it to expire when the city council determines that $20,000,000 has been collected, along with any necessary funds for bond issuance costs. The effective date for these changes will take effect once the governing body of Sauk Centre and its chief clerical officer comply with specific statutory requirements.