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2.. Warrants or orders having no definite or fixed maturity. 3. Obligations payable wholly from the.income from revenue producing conveniences. 4. Obligations issued to create or maintain a. permanent. improvement revolving fund. .5. Obligations issued for the acquisition and betterment of public waterworks systems and public lighting, heating or power systems, and any combination thereof, or for any.other public convenience from which revenue is or may be derived. 6. Certain debt service loans and capital loans made to school districts.. 7. Certain obligations to. repay loans. $, ❑bligations.specifically excluded under the provision of law authorizing their issuance. 9... Certain obligations to pay pension fund liabilities. 1 Q: Debt service funds for the payment of principal and interest on ❑bligations other than those . described above. Levies for General Obligation Debt (Sections 475.61. and 475.74, Minnesota Statutes) Any municipality which issues general obligation debt m.ust, at the time of issuance, certify levies to the county auditor of the county(ies) within which the municipality is situated. Such levies shall be in an amount that if collected in full will, together with estimates. of other revenues pledged for payment of the obligations; produce at least five percent in excess of the amount needed to pay principal and interest when due. Notwithstanding any other limitations upon. the ability of a taxing unit to levy taxes, its ability to levy taxes for a deficiency in. prior levies for payment of general obligation indebtedness is without limitation as to rate or arnount, Metropolitan Revenue Distribution (Chapter 473F, Minnesota Statutes) "Fiscal Disparities Law" The Charles R. Weaver Metropolitan Revenue Distribution Act, more commonly know as "Fiscal Disparities" was first implemented for taxes.payabie in 1.975. Forty percent of the increase in corn mercial-industrial (including public utility and railroad) net tax capacity valuation since 1071 in each assessment district in the Minneapolis/St. Paul seven -county metropolitan area (Anoka, Carver, Dakota, excluding the City of Northfield, Hennepin., Ramsey, Scott, excluding the City of NeW Prague, and Washington Counties) is contributed to an area -wide tax. base. A distribution index, based on the factors of population and real property market value .per capita, is employed in determining what proportion of the net tax capacity value in the area -wide tax base shall be. distributed back to each assessment district.