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! <br />I <br /> <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />3) Tax increment financing <br />Numerous changes~were made to the tax increment financing law. The changes are <br />effective, with respect to districts for which certification is requested after <br />June 30, 1982. (One change relating to changes in the type of district applies <br />any district which is changed after March 23.) <br /> <br />Some of the changes make the law somewhat more restrictive and some changes im- <br />prove the law. For example, authority is given to issue temporary g.o. bonds, <br />which should reduce interest'rate costs. If your city'is in the midst of develop <br />ing a TIF plan or project, have someone check these changes. You may have to <br />modify your plans or adjust the timing of the project. If you want to receive a <br />copy of the changes, call Peggy Flicker at the League. <br /> <br />PF:ara. <br /> <br />I <br /> <br /> <br />