Oakdale tax increment financing special rules authorization

This bill authorizes the city of Oakdale to use tax increment financing (TIF) funds collected from TIF Districts No. 1-4 and No. 1-6 through December 31, 2027, instead of the standard timeline. It requires Oakdale to detail these funds in a written spending plan and return any unused funds - including interest or investment earnings - to the TIF district by the deadline. The bill specifically applies to Oakdale’s existing TIF program and does not alter general TIF rules for other cities. It provides a temporary extension for how Oakdale may allocate these locally generated funds.