1.1 	A bill for an act
1.2 	relating to taxation; tax increment financing; providing special tax increment 
1.3 	financing authority to the city of Chaska.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. CITY OF CHASKA; TAX INCREMENT FINANCING DISTRICT NO. 
1.6 	23.
 1.7 	Notwithstanding Minnesota Statutes, section 469.176, subdivision 1b, the Chaska 
1.8 	Economic Development Authority may collect tax increment from Chaska Tax Increment 
1.9 	Financing District No. 23 for up to 35 years after receipt of the first increment.

1.10 	EFFECTIVE DATE. This section is effective upon compliance by the governing bodies 
1.11 	of the city of Chaska, Carver County, and Independent School District No. 112 with the 
1.12 	requirements of Minnesota Statutes, section 469.1782, subdivision 2.