City of Mountain Lake authorization of special rules

This bill authorizes the City of Mountain Lake to extend the timeline for completing projects in its Tax Increment Financing District No. 1-8. It changes the requirement that development activities must occur within five years to instead allow a three-year period ending April 1, 2029. The legislation also extends the timeframe for using tax increment funds after the five-year period from the 11th year to the 14th year. These changes apply specifically to the city's economic development authority and its designated TIF district.