Minnesota § 473.253 LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT

Minnesota Statutes

§ 473.253 — LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT

Minnesota § 473.253

PartMETROPOLITAN AREA

Ch. 473METROPOLITAN GOVERNMENT

This text of Minnesota § 473.253 (LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT) 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. § 473.253 (2026).

Text

Subdivision 1.Sources of funds. The council shall credit to the livable communities demonstration account the revenues provided in this subdivision. This tax shall be levied and collected in the manner provided by section473.13. The levy shall not exceed the following amount for the years specified:

(1)for taxes payable in 2004 and 2005, $8,259,070; and

(2)for taxes payable in 2006 and subsequent years, the product of (i) the property tax levy limit under this subdivision for the previous year multiplied by (ii) one plus a percentage equal to the growth in the implicit price deflator as defined in section275.70, subdivision 2. Subd. 2.Distribution of funds. The council shall use the funds in the livable communities demonstration account to make grants or loans to municipalities partici

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Subdivision 1.Sources of funds.
The council shall credit to the livable communities demonstration account the revenues provided in this subdivision. This tax shall be levied and collected in the manner provided by section473.13. The levy shall not exceed the following amount for the years specified:
(1) for taxes payable in 2004 and 2005, $8,259,070; and
(2) for taxes payable in 2006 and subsequent years, the product of (i) the property tax levy limit under this subdivision for the previous year multiplied by (ii) one plus a percentage equal to the growth in the implicit price deflator as defined in section275.70, subdivision 2.

Subd. 2.Distribution of funds.
The council shall use the funds in the livable communities demonstration account to make grants or loans to municipalities participating in the local housing incentives program under section473.254or to metropolitan area counties or development authorities to fund the initiatives specified in section473.25, paragraph (b), in participating municipalities. A grant to a metropolitan county or a development authority must be used for a project in a participating municipality. For the purpose of this section, "development authority" means a statutory or home rule charter city, housing and redevelopment authority, economic development authority, or port authority.