Minnesota § 376.56 - TAX LEVIES AND BONDS
Full text of Minnesota Minnesota Statutes § 376.56 — TAX LEVIES AND BONDS, with citation guidance and answers to common questions.
§ 376.56. TAX LEVIES AND BONDS
Subdivision 1.Levy purposes.
The county board establishing or participating in establishing a nursing home under section 376.55 may annually levy a tax to pay all or its proportion of the net costs of maintenance and operation of the nursing home after taking into consideration payments received for care of residents. The board may levy an additional tax to repay the cost of acquiring, establishing, equipping, furnishing, enlarging, or adding to a county nursing home, and to pay the principal of and interest on general obligation bonds issued for that purpose.
Subd. 2.County nursing home fund.
The proceeds of taxes for costs of maintenance and operation shall be paid into a county nursing home fund, which, in the case of counties operating jointly, shall be kept in the treasury of the county in which the nursing home is located and spent as provided in sections 376.55 to 376.60.
Subd. 3.Chapter 475 bonds.
Bonds issued under section 376.55, subdivision 3, may be general obligations of the county and may be issued and sold, and taxes levied for their payment as provided under chapter 475. No election shall be required to authorize the bond issue for acquiring, improving, remodeling, or replacing an existing nursing home without increasing the total number of accommodations for residents in all nursing homes in the county. The revenues of the nursing home shall also be pledged for the payment of the bonds and for any interest and premium. Part of the proceeds may be deposited in the debt service fund for the issue, to capitalize interest and create a reserve to reduce or eliminate the tax otherwise required by section 475.61 to be levied before issuing the bonds. The remaining proceeds from the sale of the bonds and any surplus funds transferred under section 376.55, subdivision 3 must be credited to and deposited in the county nursing home building fund of the county in which the nursing home is located.
Subd. 4.County treasurer's duties.
The county treasurer of the county in which the nursing home is located shall make payments out of the county nursing home fund and county nursing home building fund on properly authenticated vouchers of the county nursing home administrative board, as provided in sections 376.58 and 376.59. The county treasurer of each county issuing general obligation bonds under subdivision 3 shall pay the bonds and interest from the county's debt service fund and be the custodian of net revenues transmitted by the administrative board for the payment of the bonds.
History:
1951 c 610 s 2; 1959 c 146 s 2; 1984 c 528 s 2; 1985 c 109 s 10; 1987 c 384 art 2 s 1; 2003 c 127 art 12 s 14; 1Sp2003 c 21 art 10 s 11
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 376.56
What does Minnesota Statutes § 376.56 cover?
Section 376.56 ("TAX LEVIES AND BONDS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 376.56?
A common citation format is "Minnesota Statutes § 376.56" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 376.56 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.