Oakdale; special tax increment financing rules authorized.

HF 1746 allows the city of Oakdale to use tax increment financing (TIF) funds collected from TIF Districts 1-4 and 1-6 until December 31, 2027, instead of the standard timeline under state law. Oakdale must follow its existing written spending plan for these funds and return any unused amounts - including interest or investment earnings - to the TIF districts by the 2027 deadline. The bill specifically modifies Minnesota Statutes section 469.176 to authorize this extended use for Oakdale’s TIF projects. This affects Oakdale’s local budgeting for redevelopment within those designated TIF districts.