1.1    .................... moves to amend H.F. No. 2268, the delete everything amendment
1.2(H2268DE1), as follows:
1.3Page 2, after line 32, insert:

1.4    "Sec. 4. Minnesota Statutes 2006, section 275.61, subdivision 1, is amended to read:
1.5    Subdivision 1. Market value. (a) For local governmental subdivisions other than
1.6school districts, any levy, including the issuance of debt obligations payable in whole or in
1.7part from property taxes, required to be approved and approved by the voters at a general
1.8or special election for taxes payable in 1993 and thereafter, shall be levied against the
1.9referendum market value of all taxable property within the governmental subdivision, as
1.10defined in section 126C.01, subdivision 3. Any levy amount subject to the requirements of
1.11this section shall be certified separately to the county auditor under section 275.07.
1.12    (b) The ballot shall state the maximum amount of the increased levy as a percentage
1.13of market value and the amount that will be raised by the new referendum tax rate in the
1.14first year it is to be levied.
1.15    (c) This subdivision does not apply to tax levies for the payment of debt obligations
1.16that are approved by the voters after June 30, 2007.
1.17EFFECTIVE DATE.This section is effective the day following final enactment."
1.18Page 6, after line 2, insert:

1.19    "Sec. 11. Minnesota Statutes 2006, section 373.40, subdivision 4, is amended to read:
1.20    Subd. 4. Limitations on amount. A county, other than Ramsey, may not issue
1.21bonds under this section if the maximum amount of principal and interest to become due in
1.22any year on all the outstanding bonds issued pursuant to this section (including the bonds
1.23to be issued) will equal or exceed 0.05367 0.12 percent of taxable market value of property
1.24in the county. Ramsey county may not issue bonds under this section if the maximum
1.25amount of principal and interest to become due in any year on all the outstanding bonds
1.26issued pursuant to this section (including the bonds to be issued) will equal or exceed
2.10.06455 percent of taxable market value of property in the county. Calculation of the
2.2limit must be made using the taxable market value for the taxes payable year in which
2.3the obligations are issued and sold. This section does not limit the authority to issue
2.4bonds under any other special or general law.
2.5EFFECTIVE DATE.This section is effective for bonds issued after June 30, 2007."
2.6Page 16, after line 11, insert:

2.7    "Sec. 25. Minnesota Statutes 2006, section 475.53, subdivision 1, is amended to read:
2.8    Subdivision 1. Generally. Except as otherwise provided in sections 475.51 to
2.9475.74 , no municipality, except a school district or a city of the first class, shall incur or
2.10be subject to a net debt in excess of two three percent of the market value of taxable
2.11property in the municipality.
2.12EFFECTIVE DATE.This section is effective for obligations issued after June
2.1330, 2007."
2.14Page 16, line 28, after "conveniences" insert ", but excluding a capital improvement,
2.15as defined under section 373.40, subdivision 1, paragraph (b), that is leased or used
2.16primarily by a county or an agency of a county"
2.17Renumber the sections in sequence and correct the internal references
2.18Amend the title accordingly