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<br />Minnesota Statutes 2002,429.101 <br /> <br />obligations to defray the expense of any such work financed in <br />whole or in part by special charges and assessments impo-sed upon <br />benefited property under this section. <br /> <br />(b) Section 429.091 shall apply to such obligations with <br />the following modifications: <br /> <br />(1) such obligations shall be payable not more than two <br />years from the date of issuance; <br /> <br />(2) the amount of such obligations issued at one time in a <br />municipality shall not exceed the cost of such work during the <br />ensuing six months as estimated by the council; <br /> <br />(3) a separate improvement fund shall be set up for each of <br />the enumerated services referred to in subdivision 1 and <br />financed under this section. <br /> <br />(e) Proceeds of special charges as well as special <br />ass€ssments and taxes shall be credited to such improvement fund. <br /> <br />HIST: 1953 c 398 s 10; 1955 c 811 s 6; 1963 c 771 s 5; 1965 c <br />323 s 2; 1973 c 337 s 1; 1974 c 340 s 1,2; 1984 c 548 s 7; 1984 <br />c 582 s 7; 1984 c 591 s 6; 1984 c 633 s 5; 1986 c 444 <br /> <br />Copyright 2002 by the Office of Revisor of Statutes, state of Minnesota. <br /> <br />.,,.:;;.rt <br /> <br />http://www.revisor.leg.state.mn.us/stats/429/101.html <br /> <br />Page 2 of2 <br /> <br />" <br /> <br />12/9/2002 <br />