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HF 2398

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

KEY: stricken = removed, old language.
underscored = added, new language.
  1.1                          A bill for an act 
  1.2             relating to Yellow Medicine county; allowing an 
  1.3             extended duration for a redevelopment tax increment 
  1.4             financing district. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [YELLOW MEDICINE COUNTY.] 
  1.7      The governing body of Yellow Medicine county may elect to 
  1.8   extend the duration of redevelopment tax increment financing 
  1.9   district No. 1-1 in development district 1 by up to ten 
  1.10  additional years. 
  1.11     [EFFECTIVE DATE.] This section is effective upon compliance 
  1.12  with the requirements of Minnesota Statutes, sections 469.1782, 
  1.13  subdivision 2, and 645.021.