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Minnesota Legislature

Office of the Revisor of Statutes

SF 2133

as introduced - 91st Legislature (2019 - 2020) Posted on 03/08/2019 08:35am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11
1.12 1.13 1.14

A bill for an act
relating to taxation; tax increment financing; modifying special rules for the city
of Alexandria.

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

Section 1. new text beginCITY OF ALEXANDRIA; TIF DISTRICT NO. 50; FIVE-YEAR RULE
EXTENSION.
new text end

new text begin The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that activities
must be undertaken within a five-year period from the date of certification of a tax increment
financing district, is considered to be met for TIF District No. 50, administered by the city
of Alexandria, or its economic development authority, if the activities are undertaken prior
to July 16, 2025.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after the governing body of the
city of Alexandria and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end