Authorizes special tax increment financing rules for the city of Marshall.
Minnesota HF3140 allows the city of Marshall to temporarily use tax increment financing (TIF) funds beyond the usual deadline. The bill modifies existing statutes to permit the city to spend, loan, or invest TIF funds collected from specific districts until December 31, 2027. Any unspent funds must be returned to the respective districts. This change applies to TIF District No. 1-1, TIF District No. 1-7, and TIF District No. 2-1 within the city of Marshall.
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