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SF 1567

as introduced - 79th Legislature (1995 - 1996) 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 taxation; exempting a tax increment 
  1.3             financing district in the city of Bayport from certain 
  1.4             aid offsets. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [CITY OF BAYPORT; EXEMPTION FROM AID OFFSETS.] 
  1.7      The economic tax increment financing district for the city 
  1.8   of Bayport designated as economic development district No. 2 is 
  1.9   not subject to the provisions of Minnesota Statutes, section 
  1.10  273.1399. 
  1.11     Sec. 2.  [LOCAL APPROVAL.] 
  1.12     Section 1 is effective upon compliance by the governing 
  1.13  body of the city of Bayport with Minnesota Statutes, section 
  1.14  645.021, subdivision 3.