Subdivision 1. Borrowing power. The board may authorize the borrowing of money for any district purpose and provide for the repayment thereof, subject to chapter 475. The taxes initially levied by any district according to section 475.61 for the payment of district bonds, upon property within each municipality included in the district, shall be included in computing the levy of the municipality.
Subd. 2. Bond issuance. The board may authorize the issuance of bonds or obligations of the district to provide funds for the construction, improvement, or acquisition of any system, works, or facilities for any district purpose or for refunding any prior bonds or obligations issued for any such purpose and may pledge the full faith and credit of the district; the proceeds of tax levies or assessments; service, use, or rental charges; or any combination thereof to the payment of such bonds or obligations and interest thereon or expenses incident thereto. An election or vote of the people of the district is required to authorize the issuance of any bonds or obligations. Except as otherwise provided in this chapter, the forms and procedures for issuing and selling bonds and provisions for payment thereof must comply with chapter 475.
2013 c 114 art 5 s 27
Structure Minnesota Statutes
Chapters 440 - 446A — Municipal Public Works
Chapter 442A — Sanitary Districts
Section 442A.01 — Definitions.
Section 442A.015 — Applicability.
Section 442A.02 — Sanitary Districts; Procedures And Authority.
Section 442A.03 — Filing Of Maps In Sanitary District Proceedings.
Section 442A.04 — Sanitary District Creation.
Section 442A.05 — Sanitary District Annexation.
Section 442A.06 — Sanitary District Detachment.
Section 442A.07 — Sanitary District Dissolution.
Section 442A.08 — Joint Public Informational Meeting.
Section 442A.09 — Annexation By Order Of Pollution Control Agency.
Section 442A.10 — Petitioners To Pay Expenses.
Section 442A.11 — Time Limits For Orders; Appeals.
Section 442A.12 — Chief Administrative Law Judge May Appeal From District Court.
Section 442A.13 — Uniform Procedures.
Section 442A.14 — District Board Of Managers.
Section 442A.15 — Board Organization And Procedures.
Section 442A.16 — District Status And Powers.
Section 442A.17 — Specific Purposes And Powers.
Section 442A.18 — District Projects And Facilities.
Section 442A.19 — Control Of Sanitary Facilities.
Section 442A.20 — District Programs, Surveys, And Studies.
Section 442A.21 — General And Municipality Powers.
Section 442A.22 — Advisory Committee.
Section 442A.23 — Board Powers.
Section 442A.24 — Tax Levies, Assessments, And Service Charges.
Section 442A.25 — Borrowing Powers; Bonds.
Section 442A.26 — Funds; District Treasury.
Section 442A.27 — Effect Of District Ordinances And Facilities.