MN SF2083

Extends the deadline for the city of Oakdale to spend, loan, or invest transferred tax increment financing (TIF) funds through December 31, 2027

Applies only to increment collected from TIF District No. 1-4 or TIF District No. 1-6 in Oakdale

Requires expenditures to follow the city's written spending plan adopted under existing TIF statutes

Any increment not spent, loaned, or invested by December 31, 2027, must be returned to the district, including all proceeds, principal, interest, and earnings

Becomes effective the day after Oakdale's governing body and chief clerical officer comply with local approval requirements under Minnesota Statutes section 645.021