1.1 	A bill for an act
1.2 	relating to tax increment financing; city of Bloomington; extending the five-year 
1.3 	rule for a district.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. BLOOMINGTON TAX INCREMENT FINANCING; FIVE-YEAR 
1.6 	RULE.
 1.7 	The requirements of Minnesota Statutes, section 469.1763, subdivision 3, that 
1.8 	activities must be undertaken within a five-year period from the date of certification of a 
1.9 	tax increment financing district, are increased to a ten-year period for the Port Authority 
1.10 	of the City of Bloomington's Tax Increment Financing District No. 1-I, Bloomington 
1.11 	Central Station.

1.12 	EFFECTIVE DATE. This section is effective upon compliance by the governing 
1.13 	body of the Port Authority of the City of Bloomington with the requirements of Minnesota 
1.14 	Statutes, section 645.021.