Minnesota § 473.197 - HOUSING BOND CREDIT ENHANCEMENT PROGRAM
Full text of Minnesota Minnesota Statutes § 473.197 — HOUSING BOND CREDIT ENHANCEMENT PROGRAM, with citation guidance and answers to common questions.
§ 473.197. HOUSING BOND CREDIT ENHANCEMENT PROGRAM
Subdivision 1.
MS 2004 [Repealed, 2005 c 152 art 1 s 43; 1Sp2005 c 1 art 2 s 162]
Subd. 2.
MS 2004 [Repealed, 2005 c 152 art 1 s 43; 1Sp2005 c 1 art 2 s 162]
Subd. 3.
MS 2004 [Repealed, 2005 c 152 art 1 s 43; 1Sp2005 c 1 art 2 s 162]
Subd. 4.Debt reserve; levy.
To provide money to pay debt service on bonds issued under the credit enhancement program in repealed subdivision 1 of Minnesota Statutes 2004, section 473.197, the council must maintain a debt reserve fund until the reserve is no longer pledged or otherwise needed to pay debt service on such bonds. If sums in the debt reserve fund are insufficient to cure any deficiency in the debt service fund established for the bonds, the council must levy a tax on all taxable property in the metropolitan area in the amount needed to liquidate the deficiency. The tax authorized by this section does not affect the amount or rate of taxes that may be levied by the council for other purposes and is not subject to limit as to rate or amount.
Subd. 5.
MS 2004 [Repealed, 2005 c 152 art 1 s 43; 1Sp2005 c 1 art 2 s 162]
History:
1994 c 587 art 12 s 22; 1996 c 399 art 2 s 8; 1998 c 254 art 1 s 92; 2004 c 206 s 52; 2005 c 152 art 1 s 18; 1Sp2005 c 1 art 2 s 148; 2009 c 86 art 1 s 90
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 473.197
What does Minnesota Statutes § 473.197 cover?
Section 473.197 ("HOUSING BOND CREDIT ENHANCEMENT PROGRAM") 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 § 473.197?
A common citation format is "Minnesota Statutes § 473.197" (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 § 473.197 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.