HF1709 (Legislative Session 94 (2025-2026))
Greater Minnesota Housing Infrastructure program funding provided, bonds issued, and money appropriated.
Related bill: SF2237
AI Generated Summary
This bill, introduced in the Minnesota House of Representatives, relates to housing and proposes funding for the Greater Minnesota Housing Infrastructure program. It includes the following key provisions:
Appropriation:
- $4,000,000 is transferred from the bond proceeds fund to the housing development fund in fiscal year 2026.
- This amount is then appropriated to the Minnesota Housing Finance Agency Commissioner for the Greater Minnesota Housing Infrastructure grant program, as authorized under Minnesota Statutes, section 462A.395.
- $4,000,000 is transferred from the bond proceeds fund to the housing development fund in fiscal year 2026.
Bond Sale Authorization:
- To finance the appropriation, the commissioner of management and budget is authorized to issue and sell state bonds in an amount up to $4,000,000.
- The bond issuance is governed by Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, Sections 4 to 7.
- To finance the appropriation, the commissioner of management and budget is authorized to issue and sell state bonds in an amount up to $4,000,000.
Overall, the bill aims to improve housing infrastructure in Greater Minnesota by utilizing state bond proceeds to fund grants supporting housing development.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2025 | House | Floor | Action | Introduction and first reading, referred to | Housing Finance and Policy |
| March 04, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"New appropriation and transfer of funds for fiscal year 2026 to support the program."
],
"removed": [],
"summary": "The bill provides funding for the Greater Minnesota Housing Infrastructure grant program under section 462A.395.",
"modified": []
},
"citation": "462A.395"
},
{
"analysis": {
"added": [
"Authorized bond sale to provide the financial resources specified in this bill."
],
"removed": [],
"summary": "Refers to the statutory authority and procedures for selling and issuing state bonds as prescribed.",
"modified": []
},
"citation": "16A.631 to 16A.675"
},
{
"analysis": {
"added": [
"Constitutional provisions for ensuring the legal framework for bond issuance is adhered to."
],
"removed": [],
"summary": "Provides constitutional authority for the sale and issuance of state bonds.",
"modified": []
},
"citation": "Minnesota Constitution article XI sections 4 to 7"
}
]