1.1 A bill for an act
1.2 relating to housing; authorizing the issuance of housing infrastructure bonds to
1.3 finance a grant to Face to Face Health and Counseling Services, Inc.; appropriating
1.4 money; amending Minnesota Statutes 2024, section 462A.37, subdivision 5, by
1.5 adding a subdivision.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2024, section 462A.37, is amended by adding a subdivision
1.8to read:
1.9 Subd. 2k.Additional authorization.In addition to the amount authorized in subdivisions
1.102 to 2j and 3a, the agency may issue up to $8,000,000 in one or more series to which the
1.11payments under this section may be pledged. Proceeds from the sale of bonds authorized
1.12in this subdivision must be awarded as a grant to Face to Face Health and Counseling
1.13Services, Inc. to predesign, design, engineer, construct, furnish, and equip a facility providing
1.1420 units of affordable housing with support services on site for young people ages 18 to 24
1.15at 1170 Arcade Street in the city of St. Paul.
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.
1.17 Sec. 2. Minnesota Statutes 2024, section 462A.37, subdivision 5, is amended to read:
1.18 Subd. 5.Additional appropriation.(a) The agency must certify annually to the
1.19commissioner of management and budget the actual amount of annual debt service on each
1.20series of bonds issued under this section.
1.21 (b) Each July 15, beginning in 2015 and through 2037, if any housing infrastructure
1.22bonds issued under subdivision 2a, or housing infrastructure bonds issued to refund those
1Sec. 2.
REVISOR MS/KR 25-0501003/18/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2619
NINETY-FOURTH SESSION
Authored by Lee, K.,03/20/2025
The bill was read for the first time and referred to the Committee on Capital Investment 2.1bonds, remain outstanding, the commissioner of management and budget must transfer to
2.2the housing infrastructure bond account established under section 462A.21, subdivision 33,
2.3the amount certified under paragraph (a), not to exceed $6,400,000 annually. The amounts
2.4necessary to make the transfers are appropriated from the general fund to the commissioner
2.5of management and budget.
2.6 (c) Each July 15, beginning in 2017 and through 2038, if any housing infrastructure
2.7bonds issued under subdivision 2b, or housing infrastructure bonds issued to refund those
2.8bonds, remain outstanding, the commissioner of management and budget must transfer to
2.9the housing infrastructure bond account established under section 462A.21, subdivision 33,
2.10the amount certified under paragraph (a), not to exceed $800,000 annually. The amounts
2.11necessary to make the transfers are appropriated from the general fund to the commissioner
2.12of management and budget.
2.13 (d) Each July 15, beginning in 2019 and through 2040, if any housing infrastructure
2.14bonds issued under subdivision 2c, or housing infrastructure bonds issued to refund those
2.15bonds, remain outstanding, the commissioner of management and budget must transfer to
2.16the housing infrastructure bond account established under section 462A.21, subdivision 33,
2.17the amount certified under paragraph (a), not to exceed $2,800,000 annually. The amounts
2.18necessary to make the transfers are appropriated from the general fund to the commissioner
2.19of management and budget.
2.20 (e) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure
2.21bonds issued under subdivision 2d, or housing infrastructure bonds issued to refund those
2.22bonds, remain outstanding, the commissioner of management and budget must transfer to
2.23the housing infrastructure bond account established under section 462A.21, subdivision 33,
2.24the amount certified under paragraph (a). The amounts necessary to make the transfers are
2.25appropriated from the general fund to the commissioner of management and budget.
2.26 (f) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure
2.27bonds issued under subdivision 2e, or housing infrastructure bonds issued to refund those
2.28bonds, remain outstanding, the commissioner of management and budget must transfer to
2.29the housing infrastructure bond account established under section 462A.21, subdivision 33,
2.30the amount certified under paragraph (a). The amounts necessary to make the transfers are
2.31appropriated from the general fund to the commissioner of management and budget.
2.32 (g) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure
2.33bonds issued under subdivision 2f, or housing infrastructure bonds issued to refund those
2.34bonds, remain outstanding, the commissioner of management and budget must transfer to
2Sec. 2.
REVISOR MS/KR 25-0501003/18/25 3.1the housing infrastructure bond account established under section 462A.21, subdivision 33,
3.2the amount certified under paragraph (a). The amounts necessary to make the transfers are
3.3appropriated from the general fund to the commissioner of management and budget.
3.4 (h) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure
3.5bonds issued under subdivision 2g, or housing infrastructure bonds issued to refund those
3.6bonds, remain outstanding, the commissioner of management and budget must transfer to
3.7the housing infrastructure bond account established under section 462A.21, subdivision 33,
3.8the amount certified under paragraph (a). The amounts necessary to make the transfers are
3.9appropriated from the general fund to the commissioner of management and budget.
3.10 (i) Each July 15, beginning in 2023 and through 2044, if any housing infrastructure
3.11bonds issued under subdivision 2h, or housing infrastructure bonds issued to refund those
3.12bonds, remain outstanding, the commissioner of management and budget must transfer to
3.13the housing infrastructure bond account established under section 462A.21, subdivision 33,
3.14the amount certified under paragraph (a). The amounts necessary to make the transfers are
3.15appropriated from the general fund to the commissioner of management and budget.
3.16 (j) Each July 15, beginning in 2026 and through 2047, if any housing infrastructure
3.17bonds issued under subdivision 2j, or housing infrastructure bonds issued to refund those
3.18bonds, remain outstanding, the commissioner of management and budget must transfer to
3.19the housing infrastructure bond account established under section 462A.21, subdivision 33,
3.20the amount certified under paragraph (a). The amounts necessary to make the transfers are
3.21appropriated from the general fund to the commissioner of management and budget.
3.22 (k) Each July 15, beginning in 2027 and through 2048, if any housing infrastructure
3.23bonds issued under subdivision 2k, or housing infrastructure bonds issued to refund those
3.24bonds, remain outstanding, the commissioner of management and budget must transfer to
3.25the housing infrastructure bond account established under section 462A.21, subdivision 33,
3.26the amount certified under paragraph (a). The amounts necessary to make the transfers are
3.27appropriated from the general fund to the commissioner of management and budget.
3.28 (k) (l) The agency may pledge to the payment of the housing infrastructure bonds the
3.29payments to be made by the state under this section.
3.30 EFFECTIVE DATE.This section is effective the day following final enactment.
3Sec. 2.
REVISOR MS/KR 25-0501003/18/25