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SF 1383

as introduced - 90th Legislature (2017 - 2018) Posted on 02/24/2017 09:16am

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3
1.4 1.5 1.6 1.7 1.8
1.9 1.10

A bill for an act
relating to the city of Rochester; modifying the use of tax increment for a district.

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

Section 1. new text begin CITY OF ROCHESTER; TIF AUTHORITY.
new text end

new text begin The provisions of Minnesota Statutes, section 469.174, subdivision 25, clause (2), do
not apply to or limit the use of the proceeds from the sale or lease of any property purchased
with tax increments of tax increment financing district number 36 (Bioscience Project) in
the city of Rochester.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment without
local approval under Minnesota Statutes, section 645.023, subdivision 1, clause (a).
new text end