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HF 3740

as introduced - 86th Legislature (2009 - 2010) Posted on 03/25/2010 12:04pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 03/25/2010

Current Version - as introduced

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A bill for an act
 relating to local government; changing requirements for economic development
authorities to create and define economic development districts; amending
Minnesota Statutes 2008, section 469.101, subdivision 1.

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

Section 1.

Minnesota Statutes 2008, section 469.101, subdivision 1, is amended to read:


Subdivision 1.

Establishment.

An economic development authority may create and
define the boundaries of economic development districts at any place or places within the
city deleted text begin if the district satisfies the requirements of section 469.174, subdivision 10deleted text end , except that
the district boundaries must be contiguous, and may use the powers granted in sections
469.090 to 469.108 to carry out its purposes. First the authority must hold a public hearing
on the matter. At least ten days before the hearing, the authority shall publish notice of
the hearing in a daily newspaper of general circulation in the city. Also, the authority
shall find that an economic development district is proper and desirable to establish and
develop within the city.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for economic development districts
created after the day following final enactment.
 new text end