Legislative Session number- 81

Bill Name: SF1893

E Authorizing Itasca county to create an economic development tax increment
financing (TIF) district for an electric power plant adjacent to a taconite mine
direct reduction plant and steel mill, providing for duration of the district
and regulating expenditures, exempting the district from certain special laws
and from the state aid reduction, authorizing the county to exercise the powers
of an economic development authority in connection with the development of the
project; appropriating money to the commissioner of trade and economic
development (DTED) for a grant for construction of a steel mill, gross payroll
match requirement; appropriating money to the commissioner of administration and
authorizing the issuance of state bonds for grants to the Itasca county railroad
authority for capital improvements for railroad access and natural gas
right-of-way and pipeline and to the county for public highway improvements in
connection with the construction of a new steel mill and for a grant to the city
of Nashwauk to design and construct freshwater wells and wastewater treatment
facilities and pipelines(mk, ja)