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SF1339 (Legislative Session 94 (2025-2026))

Greater Minnesota Housing Infrastructure program bond issue and appropriation

AI Generated Summary

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.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 12, 2025SenateFloorActionIntroduction and first reading
February 12, 2025SenateFloorActionReferred toHousing and Homelessness Prevention
February 19, 2025SenateFloorActionAuthor added
February 23, 2025SenateFloorActionComm report: To pass and re-referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Adds new funding provisions for the program."
      ],
      "removed": [],
      "summary": "Appropriates money for the Greater Minnesota Housing Infrastructure grant program under section 462A.395.",
      "modified": []
    },
    "citation": "462A.395"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Authorizes bond sales and issuance as prescribed in sections 16A.631 to 16A.675.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675"
  }
]

Sponsors