1.1 A bill for an act
1.2 relating to housing; authorizing housing and redevelopment authorities to establish
1.3 local housing trust funds; amending Minnesota Statutes 2024, section 462C.16,
1.4 subdivision 1.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2024, section 462C.16, subdivision 1, is amended to read:
1.7 Subdivision 1.Definitions.(a) For the purposes of this section, the following terms have
1.8the meanings given to them.
1.9 (b) "Commissioner" means the commissioner of the Minnesota Housing Finance Agency.
1.10 (c) "Fund" means a local housing trust fund or a regional housing trust fund.
1.11 (d) "Local government" means any statutory or home rule charter city, a housing and
1.12redevelopment authority, or a county.
1.13 (e) "Local housing trust fund" means a fund established by a local government with one
1.14or more dedicated sources of public revenue for housing.
1.15 (f) "Regional housing trust fund" means a fund established and administered under a
1.16joint powers agreement entered into by two or more local governments with one or more
1.17dedicated sources of public revenue for housing.
1Section 1.
REVISOR MS/EN 25-0276101/24/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 1548
NINETY-FOURTH SESSION