Minn. Stat. § 474A.01
Citation
Sections 474A.01 to 474A.21 may be cited as the "Minnesota Bond Allocation Act."
Minnesota Statutes Chapter 474A — Minnesota Bond Allocation Act
Minnesota · statute · Minn. Stat. ch. 474A · 16 active provisions
Minn. Stat. § 474A.02
Definitions
Subdivision 1. Terms defined. For the purposes of this chapter, the terms defined in this section shall have the meanings given them. Subd. 1a. Aggregate bond limitation. "Aggregate bond limitation" means up to 55 percent of the reasonably expected aggregate basis of a residential rental project and the land on which t…
Minn. Stat. § 474A.025
Deadline Dates and Times
All applications, notices, and other materials required to be filed or submitted to the department pursuant to this chapter must be received by the department no later than 4:30 p.m. on the deadline day or date. When an application, notice, or other required material is required to be filed or submitted to the departme…
Minn. Stat. § 474A.03
Determination of Annual Volume Cap
Subdivision 1. Under federal tax law; allocations. At the beginning of each calendar year after December 31, 2001, the commissioner shall determine the aggregate dollar amount of the annual volume cap under federal tax law for the calendar year, and of this amount the commissioner shall make the following allocation: (…
Minn. Stat. § 474A.04
Entitlement Allocations Under Existing Federal Tax Law
Subdivision 1. MS 1986 [Repealed, 1987 c 268 art 16 s 45] Subd. 1a. Entitlement reservations. Any amount returned by an entitlement issuer before the last Monday in June shall be reallocated through the housing pool. Any amount returned on or after the last Monday in June shall be reallocated through the unified pool.…
Minn. Stat. § 474A.045
Scoring; Enterprise Zone Facility, Manufacturing Project
The following criteria must be used in determining the allocation of enterprise zone facility bonds and small issue bonds for manufacturing projects. The issuer must prepare and submit to the commissioner a public purpose scoring worksheet that presents the data and methods used in determining the total score under thi…
Minn. Stat. § 474A.047
Residential Rental Bonds; Limitations
Subdivision 1. Eligibility. (a) An issuer may only use the proceeds from residential rental bonds if the proposed project meets the following requirements: (1) the proposed residential rental project meets the requirements of section 142(d) of the Internal Revenue Code regarding the incomes of the occupants of the hous…
Minn. Stat. § 474A.061
Manufacturing, Housing, and Public Facilities Pools
Subdivision 1. Allocation application; small issue pool and public facilities pool. (a) For any requested allocations from the small issue pool and the public facilities pool, an issuer may apply for an allocation under this section by submitting to the department an application on forms provided by the department, acc…
Minn. Stat. § 474A.062
Minnesota Office of Higher Education Issuance Exemption
The Minnesota Office of Higher Education is exempt from any time limitation on issuance of bonds set forth in this chapter and may carry forward allocations for student loan bonds, subject to carryforward notice requirements of section 474A.131, subdivision 2.
Minn. Stat. § 474A.091
Allocation of Unified Pool
Subdivision 1. Unified pool amount. On the day after the last Monday in June any bonding authority remaining unallocated from the small issue pool, the housing pool, and the public facilities pool is transferred to the unified pool and must be reallocated as provided in this section. Subd. 2. Application for residentia…
Minn. Stat. § 474A.131
Notice of Issue and Notice of Carryforward
Subdivision 1. Notice of issue. (a) Each issuer with an allocation received under this chapter shall provide a notice of issue to the department on forms provided by the department stating: (1) the date of issuance of the bonds; (2) the title of the issue; (3) the principal amount of the bonds; (4) the type of qualifie…
Minn. Stat. § 474A.14
Notice of Available Authority
The department shall provide at its official website a written notice of the amount of bonding authority in the housing, small issue, and public facilities pools as soon after January 1 as possible. The department shall provide at its official website a written notice of the amount of bonding authority available for al…
Minn. Stat. § 474A.15
State Held Harmless
The state is not liable in any manner to any issuer, holder of obligations, or other person for carrying out the duties imposed on it under this chapter.
Minn. Stat. § 474A.16
Exclusive Method of Allocation
This chapter is the exclusive method for allocating authority to issue obligations for the purposes of complying with the volume limitation of federal tax law.
Minn. Stat. § 474A.17
Administrative Procedure Act Not Applicable
Chapter 14, including section 14.386, does not apply to actions taken by any state agency or entity under this chapter.
Minn. Stat. § 474A.21
Appropriation; Receipts
Any fees collected by the department under sections 474A.01 to 474A.21 must be deposited in a separate account in the special revenue fund. The amount necessary to refund application deposits is appropriated to the department from the separate account in the special revenue fund for that purpose. The interest accruing…