2005 Minnesota Statutes - 473.64 — Governments in airport development area; tax sharing.

     473.64 Governments in airport development area; tax 
  sharing. 


    The governing bodies of government units located wholly or 
 partly in an airport development area shall jointly study and 
 decide upon a plan for the sharing of property tax revenues 
 derived from property located in an airport development area.  
 If 80 percent of the government units having territory within 
 the airport development area agree upon a plan, the plan is 
 effective, and all government units shall enter into whatever 
 agreements may be necessary for this purpose.  The plan, 
 however, may not impair the existing contract obligations of any 
 government unit.  This section does not apply to the 
 Metropolitan Airports Commission or the council.  


    HIST: 1986 c 460 s 51