as introduced - 93rd Legislature (2023 - 2024) Posted on 04/02/2024 11:53am
Engrossments | ||
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Introduction | Posted on 03/28/2024 |
A bill for an act
relating to taxation; tax increment financing; providing special tax increment
financing authority to the city of Moorhead.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) The requirements 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, are extended to ten years for Tax Increment Financing
District No. 31 administered by the city of Moorhead.
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(b) The requirements of Minnesota Statutes, section 469.1763, subdivision 4, relating
to the use of increment after the expiration of the five-year period under Minnesota Statutes,
section 469.1763, subdivision 3, are extended to the 11th year for Tax Increment Financing
District No. 31 administered by the city of Moorhead.
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This section is effective the day after the governing body of the
city of Moorhead and its chief clerical officer comply with the requirements of Minnesota
Statutes, section 645.021, subdivisions 2 and 3.
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