For purposes of constructing, repairing, or acquiring city halls, town halls, fire halls or fire or rescue equipment, or libraries or child care facilities if otherwise authorized by law, a city, county, or town may borrow not to exceed $450,000 from (i) funds granted to a rural electric cooperative organized under chapter 308A by the United States Department of Agriculture Rural Business-Cooperative Service or (ii) directly from or in the form of funds guaranteed by the Rural Housing Service or other agency of the United States Department of Agriculture by a note secured by a mortgage or other security agreement on the property purchased with the borrowed funds. The city, county, or town may pledge its full faith and credit and assign or pledge the revenues, if any, from the facilities or equipment so financed together with any other properly available funds to secure the loan. The obligation of the note is not to be included when computing the net debt of the city, county, or town, nor is the approval of the voters required for the issuance of the note.
1976 c 140 s 1; 1977 c 210 s 1; 1978 c 476 s 1; 1Sp1989 c 1 art 5 s 34; 1991 c 120 s 1; 1995 c 256 s 6; 2002 c 390 s 5
Structure Minnesota Statutes
Chapters 465 - 466 — Political Subdivisions, General Provisions
Chapter 465 — Rights, Powers And Duties; Municipalities
Section 465.01 — Power Of Eminent Domain.
Section 465.013 — Property Or Easements Not Acquired By Prescription.
Section 465.02 — Lands Deeded To State; Modification Of Conditions.
Section 465.025 — Gifts Of Land To State.
Section 465.03 — Gifts To Municipalities.
Section 465.035 — Public Corporation, Conveyance Or Lease Of Land.
Section 465.036 — Gifts, Hospitals.
Section 465.037 — Gifts To Hospitals And Emergency Medical Services Agencies.
Section 465.039 — Gifts To Organizations Distributing Food.
Section 465.04 — Acceptance Of Gifts.
Section 465.05 — Tax Levy To Pay Interest.
Section 465.13 — Judgment Against Municipality; Payment.
Section 465.14 — Tax Levy; Execution.
Section 465.15 — Cities May Acquire Exempt Property.
Section 465.16 — Power Of Eminent Domain.
Section 465.17 — May Issue Bonds.
Section 465.19 — City To Own Old Channel If It Pays For United States Channel Change.
Section 465.26 — Diversion Of Unnavigable Streams; Raising Waters Of Lakes.
Section 465.27 — Ordinance; Survey And Map.
Section 465.28 — Lands; How Acquired.
Section 465.29 — Condemnation; Special Assessments.
Section 465.30 — Ordinance; Appraisers.
Section 465.32 — Notice Of Meeting.
Section 465.33 — Mailing Notices.
Section 465.34 — Meeting Of Appraisers; Damages And Benefits.
Section 465.36 — Different Owners Or Interests.
Section 465.38 — Notice Of Appraisement; Confirmation Or Annulment.
Section 465.39 — Award; Appeal.
Section 465.40 — Vesture Of Title.
Section 465.41 — Removal Of Buildings.
Section 465.42 — Appeal; Objections; Notice; Record.
Section 465.43 — Hearing; Appraisers; Award; Appeal.
Section 465.44 — Time Of Payment.
Section 465.45 — Notice Of Pendency; Persons Affected.
Section 465.46 — Award, Assessment Certified; Assessment Process.
Section 465.47 — Duty Of City.
Section 465.48 — Powers And Duties Of Council; Penalties.
Section 465.49 — May Sell Lake Water, Ice; Spend, Get Gifts To Keep Up Lake.
Section 465.50 — Observance Of Memorial Day.
Section 465.54 — May Pay Expenses From General Fund Of Statutory City.
Section 465.58 — Members Of The League Of Cities.
Section 465.69 — Training Of School Safety Patrol Members.
Section 465.70 — Television Signal Distribution Systems, Certain Cities.
Section 465.71 — Installment, Lease Purchase; City, County, Town, School.
Section 465.717 — Creation Of Corporations.
Section 465.719 — Corporations Created Before May 31, 1997.
Section 465.72 — Severance Pay.
Section 465.722 — Severance Pay For Highly Compensated Employees.
Section 465.73 — Loan From, Secured By U.s. Agriculture Department Agency.
Section 465.74 — Authorization To Operate District Heating Systems.
Section 465.76 — May Pay For Officer Or Employee's Criminal Defense.
Section 465.77 — May Regulate Drilling Of Mined Underground Space.
Section 465.78 — Participate In Economic Development Secondary Market.
Section 465.79 — Establishment Of Boundary Commission.
Section 465.81 — Cooperation And Combination.
Section 465.82 — Cooperation And Combination Plan.
Section 465.85 — County Auditor To Prepare Plat.
Section 465.86 — Bonded Debt At The Time Of Combination.
Section 465.90 — Municipal Authority To Permit Solicitation By Firefighters.