Sauk Centre local sales tax authorization modified.

This bill modifies the local sales tax authorization for the city of Sauk Centre, Minnesota, by increasing the maximum amount of bonds the city can issue from $10 million to $20 million to fund specific projects. The changes require voter approval at a special election before the increased bonding authority and tax collection limits take effect. The sales tax imposed to fund these projects will expire once $20 million has been collected for project costs and bond issuance, or by December 31, 2045, whichever comes first. Any remaining funds after paying all project costs and retiring the bonds will be transferred to the city's general fund. The bill also removes certain debt limitation requirements that would otherwise apply to the new bonds.