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SF 1679

as introduced - 80th Legislature (1997 - 1998) 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 Hibbing; authorizing the use 
  1.3             of tax increments. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [CITY OF HIBBING; TAX INCREMENT FINANCING 
  1.6   DISTRICT.] 
  1.7      Notwithstanding any law to the contrary, the city of 
  1.8   Hibbing or the Hibbing economic development authority may use 
  1.9   tax increments derived from tax increment financing district No. 
  1.10  1 to pay the costs of any activities, as defined in Minnesota 
  1.11  Statutes, section 469.1763, in development district No. 1, as if 
  1.12  the boundaries of tax increment financing district No. 1 and of 
  1.13  development district No. 1 were coterminous. 
  1.14     Sec. 2.  [LOCAL APPROVAL.] 
  1.15     Section 1 is effective upon compliance with Minnesota 
  1.16  Statutes, section 645.021, subdivision 3.