1.1 	A bill for an act
1.2 	relating to tax increment financing; city of Landfall Village; extending the 
1.3 	five-year rule for a district.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. TAX INCREMENT FINANCING; LANDFALL VILLAGE.
 1.6 	The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that 
1.7 	activities must be undertaken within a five-year period from the date of certification of 
1.8 	a tax increment financing district, is considered to be met for Tax Increment Financing 
1.9 	District No. 1-1 in the city of Landfall Village if the activities were undertaken within 
1.10 	eight years from the date of certification of the district.

1.11 	EFFECTIVE DATE. This section is effective upon compliance by the governing 
1.12 	body of the city of Landfall with the requirements of Minnesota Statutes, section 645.021, 
1.13 	subdivision 3.