1.1 	A bill for an act
1.2 	relating to the city of New Brighton; tax increment financing.
1.3 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.4 	Section 1. CITY OF NEW BRIGHTON; TAX INCREMENT FINANCING; 
1.5 	EXPENDITURES OUTSIDE DISTRICT.
 1.6 	Notwithstanding the provisions of Minnesota Statutes, section 469.1763, subdivision 
1.7 	2, the city of New Brighton may expend increments generated from its tax increment 
1.8 	financing district no. 26 to facilitate eligible activities as permitted by Minnesota Statutes, 
1.9 	section 469.176, subdivision 4e, outside the boundaries of tax increment financing district 
1.10 	no. 26, but only within the area described in Laws 1998, chapter 389, article 11, section 
1.11 	24, subdivision 1, and commonly referred to as the Northwest Quadrant. Minnesota 
1.12 	Statutes, section 469.1763, subdivisions 3 and 4, do not apply to expenditures permitted 
1.13 	by this section.

1.14 	EFFECTIVE DATE. This section is effective upon approval by the governing 
1.15 	body of the city of New Brighton and compliance by the city with Minnesota Statutes, 
1.16 	section 645.021, subdivision 3.