Minnesota SF 3709: Municipal liquor store statement of operations long-term pension benefit obligations inclusion prohibition

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; sales and use; authorizing the city of Osseo to impose a local​
1.3 sales and use tax.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. CITY OF OSSEO; TAXES AUTHORIZED.​
1.6 Subdivision 1.Sales and use tax authorization.Notwithstanding Minnesota Statutes,​
1.7 section 297A.99, subdivision 1, or 477A.016, or any other law, ordinance, or city charter,​
1.8 and if approved by the voters at an election as required under Minnesota Statutes, section​
1.9 297A.99, subdivision 3, the city of Osseo may impose by ordinance a sales and use tax of​
1.10 one percent for the purposes specified in subdivision 2. Except as otherwise provided in​
1.11 this section, the provisions of Minnesota Statutes, section 297A.99, govern the imposition,​
1.12 administration, collection, and enforcement of the tax authorized under this subdivision.​
1.13 The tax imposed under this subdivision is in addition to any local sales and use tax imposed​
1.14 under any other special law.​
1.15 Subd. 2.Use of sales and use tax revenues.The revenues derived from the tax authorized​
1.16 under subdivision 1 must be used by the city of Osseo to pay the costs of collecting and​
1.17 administering the tax and paying for the following projects in the city, including securing​
1.18 and paying debt service on bonds issued to finance all or part of the following projects:​
1.19 (1) $10,000,000 for the Boerboom Park Community Hub Project, including the​
1.20 comprehensive renovation and expansion of Boerboom Park as part of the City Campus​
1.21 Project;​
1​Section 1.​
26-06909 as introduced​02/13/26 REVISOR EAP/CG​
SENATE​
STATE OF MINNESOTA​
S.F. No. 3709​NINETY-FOURTH SESSION​
(SENATE AUTHORS: PHA)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​6342​02/19/2026​
Referred to Taxes​

2.1 (2) $3,000,000 for the City Hall Renovations Project, including the renovation and​
2.2 betterment of city hall and associated infrastructure as part of the City Campus Project; and​
2.3 (3) $500,000 for the Sipe Park Project, including the construction and renovation of​
2.4 improvements to Sipe Park in the city.​
2.5 Subd. 3.Bonding authority.(a) The city of Osseo may issue bonds under Minnesota​
2.6 Statutes, chapter 475, to finance all or a portion of the costs of the projects authorized in​
2.7 subdivision 2 and approved by the voters as required under Minnesota Statutes, section​
2.8 297A.99, subdivision 3, paragraph (a).The aggregate principal amount of bonds issued​
2.9 under this subdivision may not exceed:​
2.10 (1) $10,000,000 for the project listed in subdivision 2, clause (1), plus an amount to be​
2.11 applied to the payment of the costs of issuing the bonds;​
2.12 (2) $3,000,000 for the project listed in subdivision 2, clause (2), plus an amount to be​
2.13 applied to the payment of the costs of issuing the bonds; and​
2.14 (3) $500,000 for the project listed in subdivision 2, clause (3), plus an amount to be​
2.15 applied to the payment of the costs of issuing the bonds.​
2.16 (b) The bonds may be paid from or secured by any money available to the city of Osseo,​
2.17 including the tax authorized under subdivision 1. The issuance of bonds under this​
2.18 subdivision is not subject to Minnesota Statutes, sections 275.60 and 275.61.​
2.19 (c) The bonds are not included in computing any debt limitation applicable to the city​
2.20 of Osseo, and any levy of taxes under Minnesota Statutes, section 475.61, to pay principal​
2.21 and interest on the bonds is not subject to any levy limitation. A separate election to approve​
2.22 the bonds under Minnesota Statutes, section 475.58, is not required.​
2.23 Subd. 4.Termination of taxes.Subject to Minnesota Statutes, section 297A.99,​
2.24 subdivision 12, the tax imposed under subdivision 1 expires at the earlier of (1) 20 years​
2.25 after the tax is first imposed, or (2) when the city council determines that the amount received​
2.26 from the tax is sufficient to pay for the project costs authorized under subdivision 2 for​
2.27 projects approved by voters as required under Minnesota Statutes, section 297A.99,​
2.28 subdivision 3, paragraph (a), plus an amount sufficient to pay the costs related to issuance​
2.29 of any bonds authorized under subdivision 3, including interest on the bonds. Except as​
2.30 otherwise provided in Minnesota Statutes, section 297A.99, subdivision 3, paragraph (f),​
2.31 any money remaining after payment of the allowed costs due to the timing of the termination​
2.32 of the tax under Minnesota Statutes, section 297A.99, subdivision 12, must be placed in the​
2​Section 1.​
26-06909 as introduced​02/13/26 REVISOR EAP/CG​

3.1 general fund of the city. The tax imposed under subdivision 1 may expire at an earlier time​
3.2 if the city so determines by ordinance.​
3.3 EFFECTIVE DATE.This section is effective the day after the governing body of the​
3.4 city of Osseo and its chief clerical officer comp