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BRIGGS aND MORGAN <br /> Memorandum <br /> May 24, 1995 <br /> • Page 3 <br /> added the ability to do that type of tax increment district for "bedrock soils <br /> condition". <br /> 8. There were a number of provisions restricting the availability of special laws <br /> in the tax increment area, including provisions which would hereafter require <br /> the approval of all the local jurisdictions, including the county and the school <br /> district, if a tax increment district is to be extended beyond its normal <br /> statutory duration. <br /> 9. The 1/10th of 1% fee to be paid to the state for defraying its enforcement <br /> costs will be effective January of next year. <br /> 10. There were limits on including in a new tax increment district any property <br /> which was within the agricultural open space, or certain other classifications <br /> within the past five years. <br /> The above is very general. This Article of the Bill runs for 49 sections. <br /> If, prior to receiving my more detailed summary if and when the Bill becomes law, <br /> you have any particular questions on how any of this might affect your tax increment districts <br /> or projects, please feel free to call me at 612-223-6420. On other fronts, neither the tax <br /> freeze or the revocation of the tax-exemption of interest (even on State bonds) survived. <br /> /lbh <br /> • <br />