Establishes special rules for tax increment financing districts in Brooklyn Park, Minnesota.

The bill establishes special rules for the city of Brooklyn Park to create tax increment financing districts. These districts can be composed of specific parcels and adjacent roads and rights-of-way. Expenditures in these districts can include environmental sustainability improvements, building rehabilitation, and higher-quality building materials. The bill exempts these districts from certain statutory requirements and limitations. It also allows for the transfer of increment from certain districts to others without redistribution through Hennepin County.

Establishes special rules for tax increment financing districts in Brooklyn Park, Minnesota.

The bill establishes special rules for the city of Brooklyn Park to create tax increment financing districts. These districts can be composed of specific parcels and adjacent roads and rights-of-way. Expenditures in these districts can include environmental sustainability improvements, building rehabilitation, and higher-quality building materials. The bill exempts these districts from certain statutory requirements and limitations. It also allows for the transfer of increment from certain districts to others without redistribution through Hennepin County.