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SF 1164

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:18am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18
1.19 1.20 1.21

A bill for an act
 relating to taxation; authorizing creation of a tax increment financing district by
the Seaway Port Authority of Duluth that is exempt from the five-year rule.

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

Section 1. new text begin SEAWAY PORT AUTHORITY OF DULUTH; TAX INCREMENT
FINANCING DISTRICT; SPECIAL RULES.
new text end

new text begin If the Seaway Port Authority of Duluth adopts a tax increment financing plan
or plans and the governing body of the city of Duluth approves the plan or plans
for one or more tax increment financing districts consisting of one or more parcels
identified as: 010-2730-00010; 010-2730-00020; 010-2730-00040; 010-2730-00050;
010-2730-00070; 010-2730-00080; 010-2730-00090; 010-2730-00100; 010-2730-00160;
010-2730-00180; 010-2730-00200; 010-2730-01250; 010-2730-01340; 010-2730-01350;
010-2730-01490; 010-2730-01500; 010-2730-01510; 010-2730-01520; 010-2730-01530;
010-2730-01540; 010-2730-01550; 010-2730-01560; 010-2730-01570; 010-2730-01580;
010-2730-01590; 010-2730-1300; 010-2746-1330; 010-2746-1440; 010-2746-1380;
010-3300-4560; 010-3300-4565; 010-3300-04570; 010-3300-04580; 010-3300-04640;
010-3300-04645; 010-3300-04650, the five-year rule under Minnesota Statutes, section
469.1763, subdivision 3, does not apply to the district or districts.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon approval by the governing
body of the city of Duluth and compliance with Minnesota Statutes, section 645.021,
subdivision 3.
 new text end