HF 1855

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 02:41pm

A bill for an act
relating to taxation; tax increment financing; extending the five-year rule for the
city of Ramsey.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CITY OF RAMSEY; TAX INCREMENT FINANCING DISTRICT NO.
14; FIVE-YEAR RULE EXTENSION.
new text end

new text begin The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that activities
must be undertaken within a five-year period from the date of certification of a tax increment
financing district, is extended by a five-year period to November 28, 2026, for Tax Increment
Financing District No. 14 administered by the city of Ramsey.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after the governing body of the
city of Ramsey and its chief clerical officer comply with Minnesota Statutes, section 645.021,
subdivisions 2 and 3.
new text end