as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to tax increment financing; exempting a tax 1.3 increment financing district in the city of Fairmont 1.4 from the state aid offset. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CITY OF FAIRMONT.] 1.7 The provisions of Minnesota Statutes, section 273.1399, do 1.8 not apply to the economic development tax increment financing 1.9 district in the city of Fairmont designated "Weigh-tronix." 1.10 Sec. 2. [EFFECTIVE DATE.] 1.11 This act is effective the day after compliance by the 1.12 governing body of the city of Fairmont with Minnesota Statutes, 1.13 section 645.021, subdivision 3.