2003 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 1997 through 2003, 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; 

    (2) for taxes payable in 2004 and 2005, $8,259,070; and 

    (3) for taxes payable in 2006 and subsequent years, the 
 product of (i) the property tax levy limit under this 
 subdivision for the previous year multiplied by (ii) one plus a 
 percentage equal to the growth in the implicit price deflator as 
 defined in section 275.70, subdivision 2. 

    (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 or development authorities to fund 
 the initiatives specified in section 473.25, paragraph (b), in 
 participating municipalities.  A grant to a metropolitan county 
 or a development authority must be used for a project in a 
 participating municipality.  For the purpose of this section, 
 "development authority" means a statutory or home rule charter 
 city, housing and redevelopment authority, economic development 
 authority, or port authority. 

    HIST: 1995 c 255 art 1 s 4; 2002 c 246 s 1; 1Sp2003 c 21 art 4 
 s 10