Extends the five-year rule to ten years for Moorhead's Tax Increment Financing District No. 31.
The bill extends the five-year rule to ten years for Moorhead's Tax Increment Financing District No. 31. It also extends the period for using the increment after the expiration of the five-year period to 11 years. This change applies to the city of Moorhead and is effective once the city's governing body and chief clerical officer meet certain statutory requirements.
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