Minnesota § 469.194 - LEWIS AND CLARK WATER PROJECT BONDING
Full text of Minnesota Minnesota Statutes § 469.194 — LEWIS AND CLARK WATER PROJECT BONDING, with citation guidance and answers to common questions.
§ 469.194. LEWIS AND CLARK WATER PROJECT BONDING
Subdivision 1.Authority; aggregate limit.
(a) The governing body of a municipality may, by resolution, issue obligations under chapter 475 to acquire land or interests in land for, and to design, engineer, and construct pipeline and other facilities and infrastructure necessary to complete the Lewis and Clark Regional Water System Project.
(b) The maximum amount of bonds that may be issued under this section is limited to an aggregate principal amount of $45,000,000, plus any costs of issuance and amounts to be deposited into a debt service or reserve account. The Lewis and Clark Joint Powers Board shall allocate the limit among the municipalities designated in subdivision 2.
Subd. 2.Municipalities.
For purposes of this section, "municipality" or "municipalities" means any of the following governmental units:
(1) the city of Luverne;
(2) the city of Worthington;
(3) Nobles County; and
(4) Rock County.
Subd. 3.Application of chapter 475 limits.
(a) Notwithstanding section 475.58 or any other law to the contrary, obligations under this section, including general obligations, may be issued without obtaining the approval of the electors.
(b) Notwithstanding section 475.53 or any other law to the contrary, obligations issued under this section are not subject to any limitations on net debt.
Subd. 4.Payment allocation.
The joint powers board may agree to allocate the responsibility of each of its members and each municipality to pay obligations issued under this section. One-half of any federal grants and aid received to fund the project in any year shall be used to proportionately reduce responsibility to pay obligations under this subdivision.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 469.194
What does Minnesota Statutes § 469.194 cover?
Section 469.194 ("LEWIS AND CLARK WATER PROJECT BONDING") 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 § 469.194?
A common citation format is "Minnesota Statutes § 469.194" (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 § 469.194 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.