1.1 A bill for an act
1.2 relating to taxation; local government aids; dedicating a portion of local government
1.3 aid to cities for pre-1940 housing improvements; amending Minnesota Statutes
1.4 2024, section 477A.013, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2024, section 477A.013, is amended by adding a subdivision
1.7to read:
1.8 Subd. 15.Dedicated use of pre-1940 housing aid.(a) A city receiving aid under
1.9subdivision 9 in any year must dedicate an amount of aid equal to the city's pre-1940 housing
1.10percentage under section 477A.011, subdivision 30, multiplied by its city formula aid amount
1.11to fund urban renewal projects on pre-1940 housing, including but not limited to updating
1.12utilities and infrastructure and updating or improving wiring, plumbing, insulation, heating,
1.13cooling, or efficiency systems. The aid may be used directly for the purposes under this
1.14paragraph or as a combination of grants or low-interest loans to property owners.
1.15 (b) If the amount calculated under this subdivision is less than $100, the minimum
1.16dedication amount of aid for these programs is zero. The amount of aid going to housing
1.17programs under this subdivision is in addition to any other money from grants, fees, or other
1.18sources that are dedicated to housing programs.
1.19 EFFECTIVE DATE.This section is effective for aids payable in calendar year 2025
1.20and thereafter.
1Section 1.
25-01831 as introduced01/14/25 REVISOR MS/EN
SENATE
STATE OF MINNESOTA
S.F. No. 2264NINETY-FOURTH SESSION
(SENATE AUTHORS: LUCERO)
OFFICIAL STATUSD-PGDATE
Introduction and first reading03/06/2025
Referred to Taxes