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SF 961

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

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

Current Version - as introduced

  1.1                          A bill for an act
  1.2             relating to the city of Crookston; exempting a tax 
  1.3             increment financing district from the state aid offset.
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [CITY OF CROOKSTON; TAX INCREMENT FINANCING 
  1.6   DISTRICT.] 
  1.7      The provisions of Minnesota Statutes, section 273.1399, do 
  1.8   not apply to an economic development tax increment financing 
  1.9   district in the city of Crookston, if the city establishes the 
  1.10  district by July 1, 1996, and the district is used solely to 
  1.11  assist a manufacturer of passenger buses to locate a 
  1.12  manufacturing facility in the city. 
  1.13     Sec. 2.  [EFFECTIVE DATE.] 
  1.14     This act is effective the day following final enactment, 
  1.15  upon approval by the governing body of the city of Crookston and 
  1.16  compliance with Minnesota Statutes, section 645.021, subdivision 
  1.17  3.