1.1 	A bill for an act
1.2 	relating to local government; prohibiting political subdivisions from paying more 
1.3 	than ten percent over the appraised value to acquire real property;amending 
1.4 	Minnesota Statutes 2014, section 16B.297, subdivision 1.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2014, section 16B.297, subdivision 1, is amended to read:
1.7 		Subdivision 1.Definition. For the purposes of this section, "agency" means an 
1.8 	agency as defined in section 16B.01, subdivision 2, and the Board of Trustees of the 
1.9 	Minnesota State Colleges and Universities, but does not include the Department of 
1.10 	Transportation, the Department of Natural Resources, or the Board of Water and Soil 
1.11 	Resources. Agency also means a political subdivision of the state, including but not 
1.12 	limited to a home rule charter or statutory city, county, town, the Metropolitan Council, 
1.13 	the Metropolitan Airports Commission, an instrumentality of any of those entities, or a 
1.14 	special district as defined in section 6.465. 

1.15 	EFFECTIVE DATE. This section is effective for acquisitions of real property or 
1.16 	interests in real property by political subdivisions on or after August 1, 2015.