1.1 	A bill for an act
1.2 	relating to property taxation; allowing the Thief River Falls airport authority to 
1.3 	levy against referendum market value rather than net tax capacity.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. THIEF RIVER FALLS AIRPORT AUTHORITY; SPECIAL LEVY 
1.6 	AUTHORITY.
 1.7 	If an airport authority is established under Minnesota Statutes, section 360.042, that 
1.8 	includes the city of Thief River Falls within its boundaries, the authority may exercise 
1.9 	its levy authority through a levy on the referendum market value of the area, as defined 
1.10 	in Minnesota Statutes, section 126C.01, subdivision 3, in lieu of a levy on the net tax 
1.11 	capacity of the area. If an authority exercises its option under this section, the intent to do 
1.12 	so must be stated in the joint agreement establishing the authority.

1.13 	EFFECTIVE DATE. This section is effective the day following final enactment, 
1.14 	without local approval, as provided by Minnesota Statutes, section 654.023, subdivision 1, 
1.15 	paragraph (a).