as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to tax increment financing; prohibiting new
tax increment financing districts or certain
modifications of existing districts; proposing coding
for new law in Minnesota Statutes, chapter 469.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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After May 31, 2005, notwithstanding any other law to the
contrary, the following actions are prohibited:
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(1) certification of a new tax increment financing
district; and
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(2) modification of an existing tax increment financing
plan to extend the duration of a district, expand the activities
to be financed within the district, or incur additional expenses
not included in the plan before May 31, 2005.
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This section is effective June 1, 2005.
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