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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES, MINNESOTA <br />STATE LEGISLATIVE ACTION <br />APPENDIX A <br />1991 <br />HF 1698 <br />Art. 2 <br />Section 2 <br />#24 Created the local government trust fund to be used exclusively to pay local <br />governments for inter - governmental aid and to repay advances made by the <br />State's general fund as may have been required to make all required payments as <br />provided by law. If revenues of the trust fund are insufficient to pay <br />commitments, all commitments to local governments will be proportionately <br />reduced unless other provisions have been made. If the estimated receipts of the <br />trust fund exceed estimated payments by $1 million or more the appropriation <br />from the trust fund to each inter - governmental aid program would be increased <br />proportionately unless there are specific provisions which prohibit such increase. <br />1991 <br />HF 1698 <br />Art. 2 <br />Section 1 <br />#23 Establish the advisory commission on inter- govennmental relations with an <br />initial membership of twenty through July 1, 1992. After July 1, 1992 the <br />commission is reduced to fourteen members. The commissioners are to be <br />representative of the various geographic and governmental jurisdictions of the <br />State. <br />1991 <br />MS 273.13 <br />Subd. 32 <br />#22 Approve further adjustments to the commercial industrial tax rate for <br />valuations in excess of $100,000. Adjusted rates effective through 1995 are as <br />follows: <br />1990 1991 1992 1993 1994 1995 <br />Rate Rate Rate Rate Rate Rate <br />First S100,000 of <br />market value 3.30% 3.20% 3.10% 3.00% 3.00% 3.00% <br />Market value over Targeted to <br />5100,000 5.06% 4.95% 4.75% 4.70% 4.60% eventually be <br />4% <br />1991 . <br />MS 473F.02 <br />Subd. 8 <br />#21 Prohibits municipalities from conscientiously excluding most commercial - <br />industrial development within their community for reasons other than preserving <br />agricultural use through restrictive comprehensive zoning and planning policies. <br />1991 <br />MS 273.13 <br />Subd. 22 <br />#20 For aid payable in 1992, HACA will increase for certain cities as a result of <br />the adjusted property class rates (see #19 and #22) and the net tax capacity <br />adjustment (see #12). The net tax capacity adjustment is calculated as follows: <br />(previous year total net tax capacity - current year total net tax capacity) x <br />current local tax rate. <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. <br />PAGE 5 OF 9 <br />