SF 4751
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/24/2026 11:04 a.m.
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A bill for an act
relating to taxation; tax increment financing; extending the authority for the city
of Fridley to transfer tax increment; amending Laws 2023, chapter 64, article 8,
section 11, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 2023, chapter 64, article 8, section 11, subdivision 5, is amended to read:
Subd. 5.
Expiration.
The authority to make transfers under subdivision 1 expires
December 31, deleted text begin 2027deleted text end new text begin 2031new text end .
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 Fridley and its chief clerical officer comply with the requirements of Minnesota
Statutes, section 645.021, subdivisions 2 and 3.
new text end