1.1 	A bill for an act
1.2 	relating to tax increment financing; authorizing
1.3 	certain cities to act as small cities for purposes of
1.4 	use of revenues from certain economic development
1.5 	districts.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. CITIES OF ELGIN, EYOTA, BYRON, AND ORONOCO;
1.8 	TAX INCREMENT FINANCING DISTRICTS.
 1.9 		Subdivision 1.Authorization. Notwithstanding the
1.10 	mileage limitation in Minnesota Statutes, section 469.174,
1.11 	subdivision 27, the cities of Elgin, Eyota, Byron, and Oronoco
1.12 	are deemed to be small cities for purposes of Minnesota
1.13 	Statutes, sections 469.174 to 469.1799, as long as they do not
1.14 	exceed the population limit in that section.
1.15 		Subd. 2.Local approval. This section is available for
1.16 	each of the cities of Elgin, Eyota, Byron, and Oronoco upon
1.17 	approval of that city's governing body and compliance with
1.18 	Minnesota Statutes, section 645.021, subdivisions 2 and 3.
1.19 	
EFFECTIVE DATE. This section is effective the day
1.20 	following final enactment.