MN SF3513

Amends Laws 2014, chapter 308, article 6, section 9 to modify tax increment financing (TIF) rules for the City of Maple Grove in Hennepin County.

Extends the five-year rule under Minnesota Statutes section 469.1763, subdivision 3, from 8 years to 13 years for any district established under these special rules.

For soil deficiency districts, extends the increment collection period from 20 years to 25 years after the authority receives the first increment from the district.

Allows increments from soil deficiency districts to be used for land acquisition and infrastructure costs for qualified developments (non-retail, non-housing) and specifically for Highway 169 and County Road 130 interchange improvements.

Effective the day after the City of Maple Grove's governing body and chief clerical officer comply with Minnesota Statutes, section 645.021, subdivisions 2 and 3.