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SF 1794

as introduced - 91st Legislature (2019 - 2020) Posted on 02/27/2019 03:53pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to tax increment financing; modifying special rules for the city of Anoka.

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

Section 1. CITY OF ANOKA; COMMUTER RAIL TRANSIT VILLAGE TIF
DISTRICT.

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 the Commuter Rail Transit Village tax
increment financing district, administered by the city of Anoka, if the activities are undertaken
prior to April 7, 2025.

EFFECTIVE DATE.

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