as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 02:47pm
A bill for an act
relating to taxation; tax increment financing; modifying special rules for the city
of Alexandria.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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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 considered to be met for TIF District No. 50, administered by the city
of Alexandria, or its economic development authority, if the activities are undertaken prior
to July 16, 2025.
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This section is effective the day after the governing body of the
city of Alexandria and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
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