Tax increment financing provisions modified, various pooling provisions clarified, administrative expense limitations clarified, and application of violations and remedies expanded.
Various pooling provisions clarification
Increment tax financing districts eligible uses including transfers to local housing trust funds expansion provision
Eligible uses of increment from tax increment financing districts expanded to include transfers to local housing trust funds, and requirements on use of transferred increment imposed.
Eligible uses of increment from tax increment financing districts to include transfers to local housing trust funds expansion provision
Tax increment financing; redevelopment districts eligibility modified, renewal and renovation districts repealed, and duration limits shortened.
Eligibility modification for redevelopment districts
Brooklyn Park; special tax increment financing rules established.