HF 1201

as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2013 02:22pm

A bill for an act
relating to the city of St. Cloud; clarifying the status of a tax increment financing
district.

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

Section 1. new text begin ST. CLOUD; TAX INCREMENT FINANCING.
new text end

new text begin The request for certification of Tax Increment Financing District No. 2, commonly
referred to as the Norwest District, in the city of St. Cloud is deemed to have been made
on or after August 1, 1979, and before July 1, 1982. Revenues derived from tax increment
for that district must be treated for purposes of any law as revenue of a tax increment
financing district for which the request for certification was made during that time period.
new text end

new text begin EFFECTIVE DATE. new text end

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