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MN HF2450
Bill
Status
Introduced
2/27/2014
Primary Sponsor
Tim Mahoney
Click for details
AI Summary
- Amends Laws 2008, chapter 366, article 5, section 36, subdivision 3 to expand tax increment spending authority for the city of St. Paul
- Changes authorized bond obligations from those issued by the Housing and Redevelopment Authority in 1996 for the convention center to bonds issued by the city of St. Paul in 2009 for the RiverCentre Arena
- Permits tax increment from the district to be expended for principal and interest payments on bonds issued to repay the original bonds or loans
- Designates all such expenditures as activities within the district under Minnesota Statutes, section 469.1763, subdivisions 2, 3, and 4
- Takes effect immediately without requiring local approval under Minnesota Statutes, section 645.023, subdivision 1, paragraph (a)
Legislative Description
St. Paul; authority to spend tax increments expanded.
Last Action
Committee report, to adopt and re-refer to Taxes
3/12/2014
Committee Referrals
Taxes3/12/2014
Government Operations2/27/2014
Full Bill Text
No bill text available