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1,133 chapters · 28,438 sections in this title.
Minn. Stat. § 41B.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
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41B.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS. The state pledges and agrees with the holders of any bonds issued under section 41B.08, that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the bondholders,…
Minn. Stat. § 41B.16 SECURITY ACCOUNT.
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41B.16 SECURITY ACCOUNT. Upon determining that a default may occur in the payment of principal or interest on any issue of bonds issued under section 41B.08, or if any debt service reserve fund established in connection with those bonds is drawn upon because the revenues of the p…
Minn. Stat. § 41B.17 POWERS AND DUTIES OF TRUSTEE.
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41B.17 POWERS AND DUTIES OF TRUSTEE. § Subdivision 1.General. The trustee designated in any indenture or resolution securing an issue of bonds may, and upon written request of the holders of 25 percent in principal amount of the notes or bonds then outstanding shall, in the trust…
Minn. Stat. § 41B.18 REVENUE BOND FUND; REPORTS.
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41B.18 REVENUE BOND FUND; REPORTS. § Subdivision 1.Authority. The authority may create and establish a special fund or funds for the security of one or more or all series of its bonds, which funds are known as debt service reserve funds. The authority may pay into each debt servi…
