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HF 3398

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

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 02/25/2008

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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1.14

A bill for an act
 relating to the city of Hopkins; eliminating a special law restriction on a tax
increment financing district; amending Laws 2003, chapter 127, article 10,
section 31, subdivision 1.

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

Section 1.

Laws 2003, chapter 127, article 10, section 31, subdivision 1, is amended to
read:


Subdivision 1.

District extension.

deleted text begin (a)deleted text end The governing body of the city of Hopkins
may elect to extend the duration of its redevelopment tax increment financing district
2-11 by up to four additional years.

deleted text begin (b) Notwithstanding any law to the contrary, effective upon approval of this
subdivision, no increments may be spent on activities located outside of the area of the
district, other than to pay administrative expenses.deleted 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