Minneslate Logo

SF2237 (Legislative Session 94 (2025-2026))

Greater Minnesota Housing Infrastructure program bond issuance and appropriation

Related bill: HF1709

AI Generated Summary

This bill, S.F. No. 2237, proposes funding for the Greater Minnesota Housing Infrastructure program by authorizing the sale and issuance of state bonds.

Key Provisions:

  1. Appropriation:

    • $4,000,000 in fiscal year 2026 will be transferred from the bond proceeds fund to the housing development fund.
    • This amount will then be appropriated to the Minnesota Housing Finance Agency to support the Greater Minnesota Housing Infrastructure grant program (under Minnesota Statutes section 462A.395).

  2. Bond Sale:

    • To provide the necessary funding, the commissioner of management and budget is authorized to sell and issue state bonds amounting to $4,000,000.
    • The bond issuance will follow the procedures and requirements laid out in Minnesota Statutes sections 16A.631 to 16A.675 and Article XI, Sections 4 to 7 of the Minnesota Constitution.

This bill is aimed at enhancing housing infrastructure in Greater Minnesota by securing additional financial resources through bonds.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025HouseFloorActionIntroduction and first reading
March 05, 2025SenateFloorActionIntroduction and first reading
March 05, 2025HouseFloorActionReferred toHousing and Homelessness Prevention
March 05, 2025SenateFloorActionReferred toHousing and Homelessness Prevention

Citations

 
[
  {
    "analysis": {
      "added": [
        "Funding proposal for the housing grant program."
      ],
      "removed": [
        ""
      ],
      "summary": "Appropriation for the Greater Minnesota Housing Infrastructure grant program referenced under section 462A.395.",
      "modified": [
        ""
      ]
    },
    "citation": "462A.395",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "References the bond sale process in relation to funding for housing infrastructure as guided by sections 16A.631 to 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Bond issuance process to fund housing infrastructure is governed by sections 16A.631 to 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

Sponsors