2001 Minnesota Statutes

     473.253 Livable communities demonstration account. 

    Subdivision 1.    Sources of funds.  The council shall 
 credit to the livable communities demonstration account the 
 revenues provided in this subdivision.  This tax shall be levied 
 and collected in the manner provided by section 473.13.  The 
 levy shall not exceed the following amount for the years 
 specified:  

    (a)(1) for taxes payable in 1996, 50 percent of (i) the 
 metropolitan mosquito control commission's property tax levy for 
 taxes payable in 1995 multiplied by (ii) an index for market 
 valuation changes equal to the total market valuation of all 
 taxable property located within the metropolitan area for the 
 current taxes payable year divided by the total market valuation 
 of all taxable property located in the metropolitan area for the 
 previous taxes payable year; and 

    (2) for taxes payable in 1997 and subsequent years, the 
 product of (i) the property tax levy limit under this 
 subdivision for the previous year multiplied by (ii) an index 
 for market valuation changes equal to the total market valuation 
 of all taxable property located within the metropolitan area for 
 the current taxes payable year divided by the total market 
 valuation of all taxable property located in the metropolitan 
 area for the previous taxes payable year. 

    For the purposes of this subdivision, "total market 
 valuation" means the total market valuation of all taxable 
 property within the metropolitan area without valuation 
 adjustments for fiscal disparities under chapter 473F, tax 
 increment financing under sections 469.174 to 469.179, and high 
 voltage transmission lines under section 273.425. 

    (b) The metropolitan council, for the purposes of the fund, 
 is considered a unique taxing jurisdiction for purposes of 
 receiving aid pursuant to section 273.1398.  For aid to be 
 received in 1996, the fund's homestead and agricultural credit 
 base shall equal 50 percent of the metropolitan mosquito control 
 commission's certified homestead and agricultural credit aid for 
 1995, determined under section 273.1398, subdivision 2, less any 
 permanent aid reduction under section 477A.0132.  For aid to be 
 received under section 273.1398 in 1997 and subsequent years, 
 the fund's homestead and agricultural credit base shall be 
 determined in accordance with section 273.1398, subdivision 1. 

    Subd. 2.    Distribution of funds.  The council shall 
 use the funds in the livable communities demonstration account 
 to make grants or loans to municipalities participating in the 
 local housing incentives program under section 473.254 or to 
 metropolitan area counties to fund the initiatives specified in 
 section 473.25, paragraph (b), in participating municipalities. 

    HIST: 1995 c 255 art 1 s 4