HF 133

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to tax increment financing; authorizing
certain cities to act as small cities for purposes of
use of revenues from certain economic development
districts.

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

Section 1. new text begin CITIES OF ELGIN, EYOTA, BYRON, AND ORONOCO;
TAX INCREMENT FINANCING DISTRICTS.
new text end

new text begin Subdivision 1. new text end

new text begin Authorization. new text end

new text begin Notwithstanding the
mileage limitation in Minnesota Statutes, section 469.174,
subdivision 27, the cities of Elgin, Eyota, Byron, and Oronoco
are deemed to be small cities for purposes of Minnesota
Statutes, sections 469.174 to 469.1799, as long as they do not
exceed the population limit in that section.
new text end

new text begin Subd. 2. new text end

new text begin Local approval. new text end

new text begin This section is available for
each of the cities of Elgin, Eyota, Byron, and Oronoco upon
approval of that city's governing body and compliance with
Minnesota Statutes, section 645.021, subdivisions 2 and 3.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following final enactment.
new text end