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SF 1256

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

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

Current Version - as introduced

  1.1                          A bill for an act 
  1.2             relating to the city of Dawson; extending duration of 
  1.3             a tax increment financing district. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [CITY OF DAWSON; TAX INCREMENT DISTRICT.] 
  1.6      Subdivision 1.  [DISTRICT EXTENDED.] Notwithstanding the 
  1.7   provisions of Minnesota Statutes, section 469.176, subdivision 
  1.8   1b, the Dawson economic development authority may collect tax 
  1.9   increments from tax increment financing district no. 7 for a 
  1.10  period of 20 years after receipt by the authority of the first 
  1.11  increment. 
  1.12     Subd. 2.  [EFFECTIVE DATE; APPLICABILITY.] Subdivision 1 is 
  1.13  effective upon compliance with Minnesota Statutes, sections 
  1.14  469.1782, subdivision 2, and 645.021, subdivision 3.  Minnesota 
  1.15  Statutes, section 469.1782, subdivision 1, does not apply to the 
  1.16  district.