Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
473.680 TIF DISTRICT FOR HEAVY MAINTENANCE FACILITY.
Subdivision 1. Authorization. The commission may create a tax increment financing district
as provided in this subdivision on property located at the Minneapolis-St. Paul International
Airport. Except as otherwise provided in this section, the provisions of sections 469.174 to
469.179 apply to the district. The district shall consist of parcels on which the heavy maintenance
facility described in section 473.667, subdivision 12, is proposed to be located. The commission
is the "authority" for purposes of sections 469.174 to 469.179.
Subd. 2. Characteristics of the district. (a) The district shall be an economic development
district as defined in section 469.174, subdivision 12.
(b) Notwithstanding section 469.176, subdivision 4c, the revenue derived from tax increment
from the district must be used only to pay debt service on general obligation revenue bonds issued
by the commission under section 473.667, subdivision 12.
History: 1991 c 350 art 2 s 6
Subdivision 1. Authorization. The commission may create a tax increment financing district
as provided in this subdivision on property located at the Minneapolis-St. Paul International
Airport. Except as otherwise provided in this section, the provisions of sections 469.174 to
469.179 apply to the district. The district shall consist of parcels on which the heavy maintenance
facility described in section 473.667, subdivision 12, is proposed to be located. The commission
is the "authority" for purposes of sections 469.174 to 469.179.
Subd. 2. Characteristics of the district. (a) The district shall be an economic development
district as defined in section 469.174, subdivision 12.
(b) Notwithstanding section 469.176, subdivision 4c, the revenue derived from tax increment
from the district must be used only to pay debt service on general obligation revenue bonds issued
by the commission under section 473.667, subdivision 12.
History: 1991 c 350 art 2 s 6
Official Publication of the State of Minnesota
Revisor of Statutes