HF 919

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to tax increment financing; authorizing certain cities to act as small cities
for purposes of use of revenues from certain economic development districts.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CITIES OF ELGIN, EYOTA, BYRON, AND ORONOCO; TAX
INCREMENT FINANCING DISTRICTS.
new text end

new text begin Subdivision 1. new text end

new text begin Authorization. new text end

new text begin Notwithstanding the mileage limitation in Minnesota
Statutes, section 469.174, subdivision 27, the cities of Elgin, Eyota, Byron, and Oronoco
are deemed to be small cities for purposes of Minnesota Statutes, sections 469.174 to
469.1799, as long as they do not exceed the population limit in Minnesota Statutes,
section 469.174, subdivision 27.
new text end

new text begin Subd. 2. new text end

new text begin Local approval. new text end

new text begin This section is available for each of the cities of Elgin,
Eyota, Byron, and Oronoco upon approval of that city's governing body and compliance
with Minnesota Statutes, section 645.021, subdivisions 2 and 3.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end