as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/04/1999 |
1.1 A bill for an act 1.2 relating to the city of Dawson; extending duration of 1.3 a tax increment financing district. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [CITY OF DAWSON; TAX INCREMENT DISTRICT.] 1.6 Subdivision 1. [DISTRICT EXTENDED.] Notwithstanding the 1.7 provisions of Minnesota Statutes, section 469.176, subdivision 1.8 1b, the Dawson economic development authority may collect tax 1.9 increments from tax increment financing district no. 7 for a 1.10 period of 20 years after receipt by the authority of the first 1.11 increment. 1.12 Subd. 2. [EFFECTIVE DATE; APPLICABILITY.] Subdivision 1 is 1.13 effective upon compliance with Minnesota Statutes, sections 1.14 469.1782, subdivision 2, and 645.021, subdivision 3. Minnesota 1.15 Statutes, section 469.1782, subdivision 1, does not apply to the 1.16 district.