SF1339

Senate Bill S.F. No. 1339 is a legislative proposal introduced in the state of Minnesota. It aims to address housing issues by allocating funds specifically for housing infrastructure in Greater Minnesota. The bill proposes to appropriate $20,000,000 from the bond proceeds fund to the Minnesota Housing Finance Agency. This money would then be transferred to the housing development fund for a program called the Greater Minnesota Housing Infrastructure grant program. To generate the necessary funds, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $20,000,000. This process and its compliance are governed by existing Minnesota statutes and constitutional provisions.