Moorhead tax increment financing district No. 31 5 year rule extension authorization

This bill extends time limits for Moorhead's Tax Increment Financing District No. 31 under state law. It changes the initial five-year period for using tax increment financing to ten years and extends the period for using the tax increment after that to 11 years. The change directly affects the city of Moorhead's ability to fund development projects within District No. 31 using future tax revenue growth from that specific area. The extension allows more time for the city to finance infrastructure improvements within the district using the incremental tax revenue generated.