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<br />469.176, 2009 Minnesota Statutes
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<br />Page 2 of 10
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<br />or declined to accept an increment, regardless of whether the increment was paid to the authority.
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<br />(d) Receipt by a hazardous substance subdistrict of an increment as a result of a reduction in original
<br />net tax capacity under section 469.174, subdivision 7, paragraph (b), does not constitute receipt of
<br />increment by the overlying district for the purpose of calculating the duration limit under this section.
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<br />Subd. Ic. Duration limits; pre-1979 districts. (a) For tax increment financing districts created
<br />prior to August 1, 1979, no tax .increment shall be paid to the authority after April 1, 2001, or the term of
<br />a nondefeased bond or obligation outstanding on April 1, 1990, secured by increments from the district or
<br />project area, whichever time is greater, provided that in no case will a tax increment be paid to an
<br />authority after August 1, 2009, from such a district. If a district's termination date is extended beyond
<br />April 1, 2001, because bonds were outstanding on April 1, 1990, with maturities extending beyond April
<br />1,2001, the following restrictions apply. No increment collected from the district may be expended after
<br />April 1, 2001, except to payor repay:
<br />(1) bonds issued before April 1, 1990;
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<br />(2) bonds issued to refund the principal of the outstanding bonds and pay associated issuance costs;
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<br />(3) administrative expenses of the district required to be paid under section 469.176, subdivision 4h,
<br />paragraph (a);
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<br />(4) transfers of increment permitted under section 469.1763, subdivision 6; and
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<br />(5) any advance or payment made by the municipality or the authority after June 1,2002, to pay any
<br />bonds listed in clause (1) or (2).
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<br />(b) Each year, any increments from a district subject to this subdivision must be first applied to pay
<br />obligations listed under paragraph (a), clauses (1) and (2), and administrative expenses under paragraph
<br />(a), clause (3). Any remaining increments may be used for transfers of increments permitted under
<br />section 469.1763, subdivision 6, and to make payments under paragraph (a), clause (5).
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<br />(c) When sufficient money has been received to pay in full or defease obligations under paragraph
<br />(a), clauses (1), (2), and (5), the tax increment project or district must be decertified.
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<br />Subd. 1 d. Duration limits; effect of modifications. Modification of a tax increment financing plan
<br />pursuant to section 469.175, subdivision 4, shall not extend the durationallimitations of subdivisions 1 to
<br />If.
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<br />Subd. 1 e. Duration limits; hazardous substance subdistricts. If a parcel of a district is part of a
<br />designated hazardous substance site or a hazardous substance subdistrict, tax increment may be paid to
<br />the authority from the parcel for longer than the period otherwise provided by subdivisions 1 to 1 f for the
<br />overlying district. The extended period for collection of tax increment begins on the date of receipt of the
<br />first tax increment from the parcel that is more than any tax increment received from the parcel before the
<br />date ofthe certification under section 469.174, subdivision 7, paragraph (b), and received after the date of
<br />certification to the county auditor described in section 469.174, subdivision 7, paragraph (b). The
<br />extended period for collection of tax increment is the lesser of: (1) 25 years from the date of
<br />commencement of the extended period; or (2) the period necessary to recover the costs of removal
<br />actions or remedial actions specified in a development response action plan.
<br />Subd. 1 f. Delinquent taxes after termination. If a parcel located in the district has delinquent
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<br />https://www.revisor.mn.gov/statutes/?id=469.176&year=2009
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<br />5/27/2010
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