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MN SF2109

Bill

Status

Introduced

2/27/2012

Primary Sponsor

John Howe

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Modifies the definition of "structurally substandard" buildings in tax increment financing redevelopment districts by changing the threshold from "more than 50 percent" to "50 percent or more" of buildings requiring substantial renovation or clearance.

  • Allows municipalities to determine buildings are not disqualified as structurally substandard based on reasonably available evidence without requiring an independent expert appraisal.

  • Permits municipalities to skip interior property inspections if they cannot gain access after best efforts and have other reliable evidence (such as fire/police inspections or exterior deterioration) supporting a finding of structural substandard condition.

  • Requires written documentation of findings and reasons when interior inspections are not conducted, to be retained under section 469.175, subdivision 3.

  • Becomes effective the day following final enactment.

Legislative Description

Tax increment financing (TIF) redevelopment district definition modification

Last Action

Referred to Taxes

2/27/2012

Committee Referrals

Taxes2/27/2012

Full Bill Text

No bill text available