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SF2237 (Legislative Session 94 (2025-2026))

Greater Minnesota Housing Infrastructure program bond issuance and appropriation

Related bill: HF1709

AI Generated Summary

This bill, S.F. No. 2237, proposes funding for the Greater Minnesota Housing Infrastructure program. It authorizes the issuance and sale of state bonds to support housing development in Greater Minnesota. Specifically:

  • Appropriation: $4 million is allocated in fiscal year 2026, transferred from the bond proceeds fund to the housing development fund, and then appropriated to the Minnesota Housing Finance Agency to administer the Greater Minnesota Housing Infrastructure grant program.

  • Bond Sale: To fund this program, the commissioner of management and budget is authorized to sell and issue state bonds up to $4 million, in accordance with Minnesota statutes and constitutional provisions governing state borrowing and debt issuance.

The bill aims to boost housing infrastructure in Greater Minnesota by utilizing state bond funds to support housing development projects.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025SenateFloorActionIntroduction and first reading
March 05, 2025SenateFloorActionReferred toHousing and Homelessness Prevention

Citations

 
[
  {
    "analysis": {
      "added": [
        "Appropriation from the housing development fund for fiscal year 2026."
      ],
      "removed": [],
      "summary": "This bill references the Greater Minnesota Housing Infrastructure grant program under section 462A.395.",
      "modified": []
    },
    "citation": "462A.395"
  },
  {
    "analysis": {
      "added": [
        "Authorization to sell and issue bonds up to a certain amount to fund housing infrastructure."
      ],
      "removed": [],
      "summary": "This section details the procedures for the sale and issuance of state bonds as authorized.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675"
  }
]

Sponsors