1.1                          A bill for an act
  1.2             relating to tax increment financing; allowing the city 
  1.3             of Milaca to spend increment outside of a district. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [CITY OF MILACA; TAX INCREMENT FINANCING.] 
  1.6      Notwithstanding any law to the contrary, the city of Milaca 
  1.7   or the authority, as defined in Minnesota Statutes, section 
  1.8   469.174, subdivision 2, may spend increments from tax increment 
  1.9   financing district No. 1-1 Downtown outside of the district or 
  1.10  may pledge and use increments from the district to pay 
  1.11  obligations used to acquire or improve property located outside 
  1.12  of the district. 
  1.13     Sec. 2.  [EFFECTIVE DATE.] 
  1.14     Section 1 is effective upon compliance by the governing 
  1.15  body of the city of Milaca with the requirements of Minnesota 
  1.16  Statutes, section 645.021.