§ 22.15 — Expiration
Saint Paul Legislative Code (Supp. No. 133, Update 1: codified through Ordinance No. 26-26, adopted May 13, 2026) · Saint Paul Legislative Code § 22.15
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Sec. 22.15. - Expiration.
In compliance with the special law, the sales and use tax shall expire at the earlier of: (a) 20 years after the tax is first imposed; (b) When the Saint Paul City Council determines that the amount of revenues received from the sales and use tax is sufficient to pay for the project costs for the approved projects authorized under subdivision 2b of the special law and section 22.03 of this chapter, including interest on the sales tax bonds and associated costs of issuance; or (c) The sales and use tax may expire at any time if the city so determines by ordinance; provided, however, that the sales and use tax may not be terminated by ordinance prior to the repayment in full of any sales tax bonds if such termination would require a payment default on such sales tax bonds. Except as otherwise provided in Minn. Stat., § 297A.99, subdivision 3(f) (2022), any funds remaining after payment of the allowed costs due to the timing of the termination of the tax under Minn. Stat., § 297A.99, subdivision 12 (2022), shall be placed in the general fund of the city.
(Ord 23-64, § 2, 12-20-23)