| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to housing; appropriating money; authorizing the sale and issuance of state |
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| 3 | 3 | | 1.3 bonds. |
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| 4 | 4 | | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 5 | 5 | | 1.5 Section 1. PUBLIC HOUSING REHABILITATION. |
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| 6 | 6 | | 1.6 Subdivision 1.Appropriation.$100,000,000 is appropriated from the bond proceeds |
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| 7 | 7 | | 1.7fund to the Minnesota Housing Finance Agency for transfer to the housing development |
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| 8 | 8 | | 1.8fund to finance the costs of rehabilitation to preserve public housing under Minnesota |
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| 9 | 9 | | 1.9Statutes, section 462A.202, subdivision 3a. For purposes of this section, "public housing" |
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| 10 | 10 | | 1.10means housing for low-income persons and households financed by the federal government |
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| 11 | 11 | | 1.11and publicly owned. The agency may give priority to proposals that maximize federal or |
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| 12 | 12 | | 1.12local resources to finance the capital costs and requests that prioritize health, safety, and |
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| 13 | 13 | | 1.13energy improvements. The priority in Minnesota Statutes, section 462A.202, subdivision |
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| 14 | 14 | | 1.143a, for projects to increase the supply of affordable housing and the restrictions of Minnesota |
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| 15 | 15 | | 1.15Statutes, section 462A.202, subdivision 7, do not apply to this appropriation. |
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| 16 | 16 | | 1.16 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond |
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| 17 | 17 | | 1.17proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 18 | 18 | | 1.18the state in an amount up to $100,000,000 in the manner, upon the terms, and with the effect |
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| 19 | 19 | | 1.19prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 20 | 20 | | 1.20Constitution, article XI, sections 4 to 7. |
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| 21 | 21 | | 1.21 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 22 | 22 | | 1Section 1. |
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| 23 | 23 | | 25-02679 as introduced01/24/25 REVISOR JSK/EE |
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| 24 | 24 | | SENATE |
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| 25 | 25 | | STATE OF MINNESOTA |
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| 26 | 26 | | S.F. No. 915NINETY-FOURTH SESSION |
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| 27 | 27 | | (SENATE AUTHORS: MOHAMED, Port, Boldon, Kupec and Putnam) |
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| 28 | 28 | | OFFICIAL STATUSD-PGDATE |
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| 29 | 29 | | Introduction and first reading02/03/2025 |
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| 30 | 30 | | Referred to Housing and Homelessness Prevention |
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