Minnetonka special tax increment financing rules authorization

This bill (SF 736) extends time limits for Minnetonka's Opus Tax Increment Financing (TIF) district. It changes Minnesota law to allow the district 10 years (instead of 5) to use tax increment funds for development projects, and extends the period for using those funds after the initial period to 11 years (from 5). The bill specifically exempts the Opus TIF district from certain standard rules (Minnesota Statutes 469.176, subd. 4j). It directly affects the city of Minnetonka's Opus TIF district, established in 2021, by providing more time for its financial planning and project implementation.