Modifies Lake City port authority powers and changes terms for Red Wing Port Authority appointees.

This bill amends the powers of the Lake City port authority, prohibiting it from issuing debt or bonds and exercising eminent domain. It allows the city to levy a tax for the port authority's benefit. If the city establishes a port authority commission, it can exercise powers similar to a municipal housing and redevelopment authority. The bill also changes the length of terms for appointees to the Red Wing Port Authority.

Modifies Lake City port authority powers and changes terms for Red Wing Port Authority appointees.

This bill amends the powers of the Lake City port authority, prohibiting it from issuing debt or bonds and exercising eminent domain. It allows the city to levy a tax for the port authority's benefit. If the city establishes a port authority commission, it can exercise powers similar to a municipal housing and redevelopment authority. The bill also changes the length of terms for appointees to the Red Wing Port Authority.