Extends the authority for the city of Fridley to transfer tax increment.
The bill amends existing law to extend the authority for the city of Fridley to transfer tax increment. This change ensures that the city can continue to utilize tax increment financing for a longer period. The amendment is effective upon the city of Fridley and its chief clerical officer complying with certain statutory requirements.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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