Title Minnesota Statutes, Minnesota Statutes

15D.05 POWERS; DUTIES. § Subdivision 1.Purpose. The purpose of the authority shall be to assist health care organizations and institutions of higher education in the construction, financing, and refinancing of projects. The exercise by the authority of the powers conferred by sec…

15D.06 SOURCE OF PAYMENT OF EXPENSES. All expenses incurred in carrying out the provisions of sections 15D.01 to 15D.18, shall be payable solely from funds provided under the authority of sections 15D.01 to 15D.18, and no liability shall be incurred by the authority hereunder bey…

15D.07 NOTES OF THE AUTHORITY. The authority may from time to time issue negotiable notes for the purpose of sections 15D.01 to 15D.18, and may from time to time renew any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The authority …

15D.08 BONDS OF THE AUTHORITY. § Subdivision 1.Bonds; generally. (a) The authority may from time to time issue revenue bonds for purposes of sections 15D.01 to 15D.18, and all revenue bonds, notes, bond anticipation notes or other obligations of the authority issued pursuant to s…

15D.09 TRUST AGREEMENT. In the discretion of the authority any revenue bonds issued under the provisions of sections 15D.01 to 15D.18, may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be any trust company or bank havi…

15D.10 REVENUE REFUNDING BONDS. § Subdivision 1.Bonds; generally. The authority is hereby authorized to provide for the issuance of revenue bonds of the authority for the purpose of refunding any revenue bonds of the authority then outstanding, including the payment of any redemp…

15D.11 BONDS ARE NOT STATE OBLIGATION. Bonds issued under authority of sections 15D.01 to 15D.18 do not, and shall state that they do not, represent or constitute a debt or pledge of the faith and credit of the state, grant to the owners or holders thereof any right to have the s…

15D.12 REVENUES. The authority may fix, revise, charge and collect rates, rents, fees and charges for the use of and for the services furnished or to be furnished by each project and may contract with any person, partnership, association or corporation, or other body, public or p…

15D.13 REMEDIES OF BONDHOLDERS AND TRUSTEES. Any holder of revenue bonds issued under the provisions of sections 15D.01 to 15D.18, or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may b…

15D.14 BONDS ELIGIBLE FOR INVESTMENT. Bonds issued by the authority under the provisions of sections 15D.01 to 15D.18, are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, …

15D.15 EXEMPTION FROM TAXES AND OTHER RESTRICTIONS. The exercise of the powers granted by sections 15D.01 to 15D.18, will be in all respects for the benefit of the people of this state, for the increase of their commerce, welfare and prosperity, and for the improvement of their h…

15D.16 ADMINISTRATION. The administration of sections 15D.01 to 15D.18, shall be under the authority independent of other departments and agencies and notwithstanding chapter 16C. The authority shall not be subject to the provisions of chapter 14, including section 14.386 in conn…

15D.17 CONFLICT OF INTEREST. Notwithstanding any other law to the contrary it shall not be or constitute a conflict of interest for a trustee, director, officer or employee of any participating institution, financial institution, investment banking firm, brokerage firm, commercia…

15D.18 ANNUAL REPORT. The authority shall keep an accurate account of all of its activities and all of its receipts and expenditures. Each year, the authority shall submit to the Minnesota Historical Society and the Legislative Reference Library a report of the authority's activi…