Minnesota § 469.149 AGREEMENTS FOR RESERVATION OF TAX INCREMENTS

Minnesota Statutes

§ 469.149 — AGREEMENTS FOR RESERVATION OF TAX INCREMENTS

Minnesota § 469.149

PartLOCAL ECONOMIC DEVELOPMENT

Ch. 469ECONOMIC DEVELOPMENT

This text of Minnesota § 469.149 (AGREEMENTS FOR RESERVATION OF TAX INCREMENTS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 469.149 (2026).

Text

The authority may enter into an agreement with any county in which a project is to be situated, or a county exercising the powers of an authority may adopt a resolution, under which an agricultural resource project for which a conditional commitment for a loan guaranty has been made by the state as provided in section41A.04, subdivision 3, is a tax increment financing project under sections469.174to469.179for so long as may be provided in the loan guaranty. The tax increment from the agricultural resource project shall be remitted to the authority or to the county for deposit and use in the loan guaranty fund of the state as provided in sections41A.01to41A.06. Notwithstanding section469.154, the tax increment for an agricultural resource project shall be discharged when either of the follo

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The authority may enter into an agreement with any county in which a project is to be situated, or a county exercising the powers of an authority may adopt a resolution, under which an agricultural resource project for which a conditional commitment for a loan guaranty has been made by the state as provided in section41A.04, subdivision 3, is a tax increment financing project under sections469.174to469.179for so long as may be provided in the loan guaranty. The tax increment from the agricultural resource project shall be remitted to the authority or to the county for deposit and use in the loan guaranty fund of the state as provided in sections41A.01to41A.06. Notwithstanding section469.154, the tax increment for an agricultural resource project shall be discharged when either of the following occurs: (1) the loan obligation has been satisfied; or (2) the amount in the project account equals the amount of the guaranteed portion of the outstanding principal and interest on the guaranteed loan. Every county may, by resolution of the county board, do all things necessary for the computation, segregation, and application of tax increments under the loan guaranty in accordance with this section and sections469.174to469.179.