SF 1485

as introduced - 91st Legislature (2019 - 2020) Posted on 02/21/2019 02:18pm

A bill for an act
relating to taxation; tax increment financing; extending the amount of time the
city of Roseville may expend increment captured within the hazardous substance
subdistrict.

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

Section 1. new text begin EXPENDITURE OF HAZARDOUS SUBSTANCE SUBDISTRICT TAX
INCREMENT.
new text end

new text begin Notwithstanding the provisions of Minnesota Statutes, section 469.1763, or any other
law to the contrary, the city of Roseville and the Roseville Economic Development Authority
may use any or all increment generated from Hazardous Substance Subdistrict No. 17A for
the purpose of financing environmental remediation pursuant to one or more response action
plans on the parcels within or adjacent to the parcels in the subdistrict as originally certified,
regardless of the date of approval of the response action plan by the Pollution Control
Agency.
new text end

new text begin EFFECTIVE DATE. new text end

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