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MN SF2174
Bill
Status
3/1/2012
Primary Sponsor
John Howe
Click for details
AI Summary
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Modifies the list of cities eligible to receive Rochester local sales tax revenue grants for economic development projects, expanding beyond the original 18 named cities to include any city with a 2010 population of at least 1,000 within 25 miles of Rochester's geographic center that is closer to Rochester than to any other city with 20,000+ population.
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Allocates $5,000,000 from Rochester's $10,000,000 economic development fund to grants for eligible cities to fund economic development projects through their economic development authority or housing and redevelopment authority.
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Maintains existing provisions regarding Rochester's authorized uses of local sales tax revenues, including transportation infrastructure, civic center improvements, water/sewer projects, and regional recreation facilities, with total capital expenditure caps of $111,500,000 overall and $28,000,000 for higher education recreation centers.
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Prohibits use of tax revenues for transportation improvements related to a railroad bypass that would divert traffic from Rochester.
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Effective the day following final enactment.
Legislative Description
Rochester area local sales tax revenue sharing cities provisions modifications
Last Action
Referred to Taxes
3/1/2012