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Section 1 amends Minnesota Statutes, section 383E.21, by expanding Anoka County’s authority to finance costs of countywide public safety improvements and equipment.
Subdivision 1 allows the county to incur debt for the cost of designing, constructing, and acquiring countywide public safety improvements and equipment, including both real and personal property, that benefits both the county and the municipalities in the county. The current law is limited to public safety communication system infrastructure and equipment.
The outstanding principal amount of the bonds and notes may not exceed $12,500,000 at any time. Current law refers to the original principal amount. Bonds or notes issued must only be issued after majority approval of the Anoka County Joint Law Enforcement Council.
Subdivision 2 clarifies that bonds or notes issued by Anoka County under this section are not to be included in the computation of the net debt of the county.
Subdivision 3 changes the expiration date of this section to January 1, 2027, instead of ten years after the first year in which notes or bonds are issued under this section.
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