HF 2696

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:32pm

A bill for an act
relating to tax increment financing; expanding the area of the state in which
tourism facilities may be financed; authorizing certain expenditures by the city
of East Grand Forks; amending Minnesota Statutes 2009 Supplement, section
469.174, subdivision 22.

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

Section 1.

Minnesota Statutes 2009 Supplement, section 469.174, subdivision 22,
is amended to read:

Subd. 22.

Tourism facility.

"Tourism facility" means property that:

(1) is located in a county where the median income is no more than 85 percent of
the state median income;

(2) is located in a county in development region new text begin 1, new text end 2, 3, 4, 5, or 7E, as defined
in section 462.385;

(3) is not located in a city with a population in excess of 20,000; and

(4) is acquired, constructed, or rehabilitated for use as a convention and meeting
facility that is privately owned, marina, hotel, motel, lodging facility, or nonhomestead
dwelling unit that in each case is intended to serve primarily individuals from outside
the county.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for districts for which the request for
certification is made after June 30, 2010.
new text end

Sec. 2. new text begin CITY OF EAST GRAND FORKS; PERMITTED USE OF TIF.
new text end

new text begin Notwithstanding any other law to the contrary or the provisions of the tax increment
financing plan, the governing body of the city of East Grand Forks may authorize, by
resolution, the expenditure of tax increments from redevelopment district 1-1, 1-2 or
both for the purpose of making improvements to the Red River State Recreation Area,
including the construction of additional campsites. If so authorized, the expenditures are
permitted expenditures of tax increments by the authority.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
without local approval.
new text end