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<br /> <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br /> <br /> <br /> <br /> <br /> <br />3 <br /> <br /> <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br /> <br />(iv an interfund loan, includin an advance or a' ,ent <br /> <br /> <br />or authorit after June 1, 2002, to Da <br /> <br />made <br /> <br /> <br />11 <br /> <br />an obligation listed in items (i) to (iii); <br /> <br />(v ation assumed bv a develo er before Januar 1, <br /> <br /> <br />2001, to repay a general obligation bond issued by a <br /> <br />to fund cleanu and develo ment activities, if the <br /> <br /> <br />developer assumed the obligation more than five years after the <br /> <br /> <br />issuance of the bonds; or <br /> <br />(2 a bond issued to refinance a <br /> <br /> <br />under clause (l). <br /> <br />Subd. 3. [PRECONDITIONS.} Before an authority may extend <br /> <br />the duration of district under this section, the fOllowin2 <br /> <br />conditions must be met with regard to the district: <br /> <br />(1 tax rate under section 469.177, <br /> <br />subdivision la, does not apply under an election made under <br /> <br />section 469.1792, subdivision 3, or under other operation of <br /> <br />law; <br /> <br /> <br />12 <br />13 <br />14 <br />15 <br /> <br /> <br />16 <br /> <br />(2 for a district in the metropolitan area or taconite tax <br /> <br />relief area, the fiscal dis arities contribution is com uted <br /> <br /> <br />under section 469.177, subdivision 3, paragraph (a); <br /> <br />(3 the municipalit has transferred an available <br /> <br /> <br />increments in other districts to pay qualified obligations of <br /> <br />the district or other districts in the municipality under <br /> <br />section 469.1763, subdivision 6; and <br /> <br />(4 the authorit finds that, takin into account all of <br /> <br /> <br />the increments that are available to pay qualifYing obligations <br /> <br />for the district, the increments from the district will be <br /> <br />insufficient to pay the amount of qualifying obligations and <br /> <br /> <br />that the insuffiCiency is a result of (i) the changes in the <br /> <br />class rates and ii elimination of the state-determined eneral <br /> <br />education property tax levy under Laws 2001, First Special <br /> <br />Session chapter 5. <br /> <br />Subd. 4. [NOTICE; HEARING; AND APPROVALS.] The authority <br /> <br />Article 10 <br /> <br />Section 8 <br /> <br />163-- <br />