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DEFINITIONS <br />While the new law has in many respects simpli- <br />fied tax increment financing procedures and removed <br />many inconsistencies, there are still several confusing <br />procedures and terms. Outlined below are certain <br />Authority. As illustrated below, an Authority <br />means an entity authorized by the Act to undertake <br />tax increment financing activities and issue tax incre- <br />ment bonds to finance these activities. Authorities, as <br />General District. As illustrated below, a Gen- <br />eral District means a district or area created by an <br />Authority under its general enabling legislation for <br />some authorized public purpose. For example, a <br />"development district" created by a city pursuant to <br />terms and illustrations which will be used in this <br />report for the sake of simplicity, and for an under- <br />standing of their relationship to each other. Each term <br />is discussed in greater detail later in the report. <br />used in this report, may include charter or home rule <br />cities, housing and redevelopment authorities, port <br />authorities, or rural development finance authorities, <br />among others. <br />Authority <br />Minnesota Statutes, Chapter 472A, or a "redevelop- <br />ment project area" created by a housing and redevel- <br />opment authority pursuant to Minnesota Statutes, <br />Chapter 462, would be considered a General District <br />in this report. <br />12 <br />(.eneral District <br />_ � t..ncrnl 1)i.Irict <br />