as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:54am
Engrossments | ||
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Introduction | Posted on 03/16/2009 |
A bill for an act
relating to taxation; tax increment financing; allowing city of North St. Paul an
extension of the five-year rule for two districts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The requirements 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 considered to be met for the Old City Hall (4-3) and
Charles Street (4-4) tax increment financing districts in the city of North St. Paul if the
activities are undertaken within ten years from the date of certification of the districts.
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This section is effective upon compliance by the governing
body of the city of North St. Paul with the requirements of Minnesota Statutes, section
645.021.
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