MN SF2463

Authorizes the city of Marshall to spend, loan, or invest transferred tax increment financing (TIF) funds through December 31, 2027, from TIF District No. 1-1, TIF District No. 1-7, or TIF District No. 2-1

Overrides standard TIF restrictions in Minnesota Statutes section 469.176, subdivision 4n, paragraph (f), for these specific Marshall districts

Requires the use of transferred increment to be detailed in the city's written spending plan adopted under existing state law

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

Effective date contingent on the city of Marshall's governing body and chief clerical officer complying with local approval requirements under Minnesota Statutes section 645.021