Minnesota § 471.77 - INDEBTEDNESS CONTRACTED IN EXCESS OF REVENUE
Full text of Minnesota Minnesota Statutes § 471.77 — INDEBTEDNESS CONTRACTED IN EXCESS OF REVENUE, with citation guidance and answers to common questions.
§ 471.77. INDEBTEDNESS CONTRACTED IN EXCESS OF REVENUE
Whenever any department, board, or commission of such municipality has power under the law to expend money, such department, board, or commission shall not contract any indebtedness or incur any obligations which, when added to other indebtedness, obligations, or liabilities, previously incurred during the year, would be in excess of the sum that may be allotted to the department, board, or commission for that year by the governing body of the municipality, plus available actual receipts from such other sources as are under its control.
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 § 471.77
What does Minnesota Statutes § 471.77 cover?
Section 471.77 ("INDEBTEDNESS CONTRACTED IN EXCESS OF REVENUE") 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 § 471.77?
A common citation format is "Minnesota Statutes § 471.77" (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 § 471.77 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.