Mountain Lake tax increment financing special rules authorized.

This bill authorizes special rules for the city of Mountain Lake regarding its Tax Increment Financing District No. 1-8. It extends the required timeline for development activities from five years to three years, with a deadline of April 1, 2029, and adjusts the period for using tax increments after the initial phase from the 11th year to the 14th year. The legislation directly affects the city of Mountain Lake and its economic development authority by modifying existing state tax increment financing regulations. The bill becomes effective once the city's governing body and chief clerical officer comply with specific state requirements.