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Form a Business

Borrowing power.

Minneapolis City Charter, art. V, § 5.5
in effect
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§ 5.5. - Borrowing power. The Board may, with an affirmative vote of at least two-thirds of all of its members, borrow against anticipated tax revenues up to half the amount due and not delinquent, which debt is redeemable or otherwise payable not later than the revenue is anticipated. (Ord. No. 2016-030, § 1, 4-29-16, eff. 8-7-16)
Source: City of Minneapolis, Minnesota, Code of Ordinances, City Charter and Park and Recreation Board Code of Ordinances (Municode Library, library.municode.com)URL: https://library.municode.com/mn/minneapolis/codes/code_of_ordinances?nodeId=CH_ARTVBOESTA_S5.5BOPOFetched: 11/1/2026

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5.5 | Corpus