1.1 	A bill for an act
1.2 	relating to taxation; authorizing the city of North St. Paul to transfer increments 
1.3 	between tax increment financing districts; extending the time period by which 
1.4 	revenues must be expended on an activity within the district.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. NORTH ST. PAUL; TRANSFER OF TAX INCREMENTS.
 1.7 	(a) Notwithstanding any limitations under Minnesota Statutes, section 469.1763, 
1.8 	subdivision 2, the city of North St. Paul may expend available increments from Tax 
1.9 	Increment Financing Districts Nos. 3-1, 4-1, 4-2, 4-3, and 4-4 for eligible activities 
1.10 	among the districts and for any district outside of those districts but within the defined 
1.11 	redevelopment project area.
1.12 	(b) For the purposes of Minnesota Statutes, section 469.1763, subdivision 3, 
1.13 	expenditures within Tax Increment Financing Districts Nos. 3-1, 4-1, 4-2, 4-3, and 4-4 are 
1.14 	considered to have been expended on an activity within the districts if a qualifying action 
1.15 	occurs within ten years after certification of the respective district.

1.16 	EFFECTIVE DATE. This section is effective upon local approval by the governing 
1.17 	body of the city of North St. Paul and compliance with Minnesota Statutes, section 
1.18 	645.021, subdivision 3.