SF 4644
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/24/2026 10:23 a.m.
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A bill for an act
relating to taxation; tax increment financing; authorizing special rules for the city
of Mountain Lake; amending Laws 2021, First Special Session chapter 14, article
9, section 9.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 2021, First Special Session chapter 14, article 9, section 9, is amended
to read:
Sec. 9. CITY OF MOUNTAIN LAKE; TIF DISTRICT NO. 1-8; FIVE-YEAR RULE
EXTENSION.
(a) The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that activities
must be undertaken within a five-year period from the date of certification of a tax increment
financing district, is extended by a deleted text begin five-yeardeleted text end new text begin three-yearnew text end periodnew text begin to April 1, 2029,new text end for Tax
Increment Financing District No. 1-8, administered by the city of Mountain Lake or its
economic development authority.
(b) The requirement of Minnesota Statutes, section 469.1763, subdivision 4, relating to
the use of increment after the expiration of the five-year period under Minnesota Statutes,
section 469.1763, subdivision 3, is extended to the deleted text begin 11thdeleted text end new text begin 14thnew text end year for Tax Increment
Financing District No. 1-8.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day after the governing body of the
city of Mountain Lake and its chief clerical officer comply with the requirements of
Minnesota Statutes, section 645.021, subdivisions 2 and 3.
new text end