Outgoing officials prohibited from voting on new municipal debt obligations.

HF 3173 prohibits outgoing elected or appointed local government officials from voting on new municipal debt. An "outgoing official" is defined as someone serving until their successor is elected or appointed. The bill requires these officials to abstain from voting on new debt, and if they vote anyway, the vote is not counted. This rule does not apply to debt requiring voter approval under Minnesota law. The bill directly affects local governing bodies when considering new bonds or loans.