MN Senate view: Broadband service public-private partnerships may issue general obligation bonds

I’m trying to catch up from a busy week – and apparently get a jump on next week as this update is dated May 4, 2015. It’s the S.F. No. 826 – Omnibus Tax Bill (First Engrossment). I’ve pulled out Article 12, section 23…

Section 23. Broadband service public-private partnerships.  Authorizes a local unit of government, alone or through a joint powers agreement with other local units of government to finance, acquire, and construct broadband equipment. Each local unit may issue general obligation bonds for this purpose or one of the local units acting through a joint powers agreement may issue the bonds and all other local units shall levy a tax and pledge the collection of the tax to the issuer of bonds. Bonds may only be issued by a local unit upon obtaining the approval of a majority of the electors voting on the question of issuing the obligations, and only when a local unit of government partners or enters into an agreement with a private provider or cooperative to operate and maintain broadband service and equipment. Effective the day following final enactment.

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About Ann Treacy

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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