HF 1676

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to the city of North St. Paul; authorizing 
  1.3             the commissioner of revenue a tax increment financing 
  1.4             grant to the city. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [CITY OF NORTH ST. PAUL; TIF GRANT.] 
  1.7      Notwithstanding Laws 1997, chapter 231, article 1, sections 
  1.8   19 and 22, as amended by Laws 1997, First Special Session 
  1.9   chapter 5, section 36, Laws 1999, chapter 243, article 10, 
  1.10  sections 16, 17, 27, and 28, and Laws 2000, chapter 490, article 
  1.11  11, section 36, the commissioner of revenue shall pay to the 
  1.12  city of North St. Paul the amount of $12,800 as a tax increment 
  1.13  financing grant provided for under those laws.  This amount 
  1.14  compensates the city for the aggregate amount of the calendar 
  1.15  year 1999 deficits in the tax increment financing districts 
  1.16  within the city, as determined under the laws cited in this 
  1.17  section using the accrual method of accounting.  The amount 
  1.18  authorized to be paid under this section for the calendar year 
  1.19  1999 tax increment financing deficits may not also be paid under 
  1.20  any other provision of law.  The commissioner shall pay the 
  1.21  amount authorized under this section to the city by warrant 
  1.22  issued on or before 60 days after the enactment of this 
  1.23  section.  The warrant must be drawn on the state treasury from 
  1.24  the appropriations made in Laws 1997, chapter 231, article 1, 
  1.25  section 19, and Laws 1999, chapter 243, article 10, section 27. 
  2.1      [EFFECTIVE DATE.] This section is effective the day 
  2.2   following final enactment without local approval.