as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to tax increment financing; allowing the city 1.3 of East Grand Forks to extend the duration of a tax 1.4 increment financing district. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [EAST GRAND FORKS; TIF EXTENSION.] 1.7 The governing body of the city of East Grand Forks may 1.8 extend the duration of tax increment financing district number 2 1.9 (Gateway East) by up to 12 additional years. The district 1.10 terminates no later than the end of calendar year 2012. 1.11 Sec. 2. [EFFECTIVE DATE.] 1.12 Section 1 is effective upon compliance by the governing 1.13 body of the city of East Grand Forks with the provisions of 1.14 Minnesota Statutes, sections 469.1782, subdivision 2; and 1.15 645.021.