1.1 	A bill for an act
1.2 	relating to taxation; authorizing the city of Hopkins to extend the duration of 
1.3 	certain tax increment financing districts; modifying the application of certain 
1.4 	rules to the districts.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. HOPKINS TAX INCREMENT FINANCING DISTRICTS.
 1.7 		Subdivision 1.District extension. The governing body of the city of Hopkins 
1.8 	may elect to extend the duration of its redevelopment tax increment financing districts 
1.9 	1-3 and 1-4 by up to five additional years.
1.10 		Subd. 2.Five-year rule. The requirements of Minnesota Statutes, section 469.1763, 
1.11 	subdivision 3, must be considered to be met for the city of Hopkins redevelopment tax 
1.12 	increment district 1-3, if the activities are undertaken within seven years from the date of 
1.13 	certification of the district.
1.14 		Subd. 3.Four-year rule. The requirement of Minnesota Statutes, section 469.176, 
1.15 	subdivision 6, is modified as it relates to the city of Hopkins tax increment financing 
1.16 	district 1-3 so that the qualifying activity must occur within six years of certification 
1.17 	of the district.

1.18 	EFFECTIVE DATE. Subdivision 1 is effective upon compliance with Minnesota 
1.19 	Statutes, sections 469.1782, subdivision 2, and 645.021. Subdivisions 2 and 3 are effective 
1.20 	upon compliance by the governing body of the city of Hopkins with Minnesota Statutes, 
1.21 	section 645.021.