Purpose of the Bill

The bill aims to regulate the actions of local government officials who are nearing the end of their term, specifically concerning the approval of new municipal debt obligations.

Main Provisions

• Definition of "Outgoing Official": The bill introduces a new definition for an "outgoing official" as someone serving the remainder of their term after their successor has been elected or appointed.
• Voting Restriction: The bill prohibits outgoing officials from casting votes on the issuance of new municipal debt obligations. If an outgoing official does vote, their vote will not be counted.
• Exception to the Rule: The bill provides an exception for obligations that require the approval of a majority of voters, as outlined in section 475.58. In such cases, outgoing officials are not restricted from voting.

Significant Changes to Existing Law

The bill amends Minnesota Statutes 2024, Section 475.51 and adds new subdivisions to Section 475.52. It specifically introduces limitations on the voting rights of officials who are leaving office.

Relevant Terms

• Outgoing official
• Municipal debt obligations
• Governing body
• Limitation on voting
• Electors' approval