as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to the city of Nisswa; extending the duration 1.3 limit of a tax increment financing district. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [TAX INCREMENT FINANCING DISTRICT.] 1.6 Notwithstanding the provisions of Minnesota Statutes, 1.7 section 469.176, subdivision 1b, tax increment may be paid until 1.8 December 31, 2014, for tax Increment Financing District No. 1-2 1.9 in the city of Nisswa. Minnesota Statutes, section 469.1782 1.10 does not apply to this extension of the duration limit of tax 1.11 Increment Financing District No. 1-2. 1.12 Sec. 2. [EFFECTIVE DATE.] 1.13 This act is effective only after its approval by the 1.14 governing body of the city of Nisswa and compliance with 1.15 Minnesota Statutes, section 645.021, subdivision 3.