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S.F. No. 2216 - City of St. Paul; Tax Increment Financing
 
Author: Senator Foung Hawj
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: March 10, 2014



 

S.F. 2216 modifies a 2008 special law that authorized the city of St. Paul to create a tax increment financing district. Under this proposal, the city may use tax increment to pay principal and interest on bond obligations issued in 2009 by the city for the RiverCentre Arena.

Effective without local approval.

 

ESS/tg

 
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