| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to taxation; local government aids; dedicating a portion of local government |
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| 3 | 3 | | 1.3 aid to cities for pre-1940 housing improvements; amending Minnesota Statutes |
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| 4 | 4 | | 1.4 2024, section 477A.013, by adding a subdivision. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. Minnesota Statutes 2024, section 477A.013, is amended by adding a subdivision |
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| 7 | 7 | | 1.7to read: |
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| 8 | 8 | | 1.8 Subd. 15.Dedicated use of pre-1940 housing aid.(a) A city receiving aid under |
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| 9 | 9 | | 1.9subdivision 9 in any year must dedicate an amount of aid equal to the city's pre-1940 housing |
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| 10 | 10 | | 1.10percentage under section 477A.011, subdivision 30, multiplied by its city formula aid amount |
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| 11 | 11 | | 1.11to fund urban renewal projects on pre-1940 housing, including but not limited to updating |
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| 12 | 12 | | 1.12utilities and infrastructure and updating or improving wiring, plumbing, insulation, heating, |
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| 13 | 13 | | 1.13cooling, or efficiency systems. The aid may be used directly for the purposes under this |
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| 14 | 14 | | 1.14paragraph or as a combination of grants or low-interest loans to property owners. |
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| 15 | 15 | | 1.15 (b) If the amount calculated under this subdivision is less than $100, the minimum |
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| 16 | 16 | | 1.16dedication amount of aid for these programs is zero. The amount of aid going to housing |
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| 17 | 17 | | 1.17programs under this subdivision is in addition to any other money from grants, fees, or other |
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| 18 | 18 | | 1.18sources that are dedicated to housing programs. |
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| 19 | 19 | | 1.19 EFFECTIVE DATE.This section is effective for aids payable in calendar year 2025 |
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| 20 | 20 | | 1.20and thereafter. |
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| 21 | 21 | | 1Section 1. |
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| 22 | 22 | | 25-01831 as introduced01/14/25 REVISOR MS/EN |
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| 23 | 23 | | SENATE |
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| 24 | 24 | | STATE OF MINNESOTA |
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| 25 | 25 | | S.F. No. 2264NINETY-FOURTH SESSION |
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| 26 | 26 | | (SENATE AUTHORS: LUCERO) |
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| 27 | 27 | | OFFICIAL STATUSD-PGDATE |
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| 28 | 28 | | Introduction and first reading03/06/2025 |
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| 29 | 29 | | Referred to Taxes |
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