Authorizes special rules for tax increment financing in the City of Eden Prairie.

The bill allows the economic development authority of the City of Eden Prairie or the city itself to establish up to two redevelopment districts within a specific area for tax increment financing purposes. These districts are subject to special rules, including being deemed to meet certain statutory requirements and exempt from other statutory provisions. The authority to approve such plans expires on December 31, 2026.

Authorizes special rules for tax increment financing in the City of Eden Prairie.

The bill allows the economic development authority of the City of Eden Prairie or the city itself to establish up to two redevelopment districts within a specific area for tax increment financing purposes. These districts are subject to special rules, including being deemed to meet certain statutory requirements and exempt from other statutory provisions. The authority to approve such plans expires on December 31, 2026.