SF3839

Housing infrastructure bond issue and appropriation
Legislative Session 94 (2025-2026)

Related bill: HF3806

AI Generated Summary

Purpose

Extend the state's financing tools for housing by allowing the housing agency to issue additional bonds. This creates an extra source of funds to support housing infrastructure projects.

Main Provisions

Adds a new subdivision (Subd. 2l, titled “Additional authorization”) to Minnesota Statutes 2024 section 462A.37.
In addition to existing bond authorities (the amounts in subdivisions 1, 2 to 2k, and 3a), the agency may issue up to $200,000,000 in one or more series of housing infrastructure bonds.
The payments made under this section may be pledged to secure these bonds.

Changes to Existing Law

Creates a new subdivision (Subd. 2l) within Minnesota Statutes 2024 section 462A.37, expanding the agency’s authority to issue bonds.
The amendment references both the 2024 statute and the 2025 Supplement to Minnesota Statutes, indicating it modifies current bonding authority for housing infrastructure.

Financial Implications

Adds authority to issue up to $200,000,000 in housing infrastructure bonds.
Bond repayments would be funded by the payments authorized under this section (i.e., the pledged payments used to service the bonds).

Significance and Context

Expands the state’s ability to finance housing infrastructure by increasing bonding capacity beyond existing authorizations.
The change is focused on financing mechanisms (bond issuance and pledged payments) rather than creating new programs or direct appropriations.

Relevant Terms housing infrastructure bonds; bond issuance; pledged payments; Subd. 2l; Additional authorization; Minnesota Statutes 2024 section 462A.37; Minnesota Statutes 2025 Supplement section 462A.37 subdivision 5.1.6; one or more series; up to $200,000,000; housing agency.

Bill text versions

Introduction PDF PDF file

Past committee meetings

Housing and Homelessness Prevention on: March 03, 2026 12:30

Actions

Date	Chamber	Type	Name	Committee Name
February 23, 2026	Senate	Action	Introduction and first reading
February 23, 2026	Senate	Action	Referred to	Housing and Homelessness Prevention
February 26, 2026	Senate	Action	Author added
March 02, 2026	Senate	Action	Author added
March 05, 2026	Senate	Action	Comm report: To pass and re-referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "Subdivision 2l: Additional authorization for housing infrastructure bonds up to $200,000,000 in one or more series."
      ],
      "removed": [],
      "summary": "Adds Subdivision 2l (Additional authorization) to Minnesota Statutes 2024 section 462A.37, allowing the agency to issue up to $200,000,000 in housing infrastructure bonds in one or more series, with the payments pledged under the section.",
      "modified": [
        "Minnesota Statutes 2024 section 462A.37 amended by adding subdivision 2l."
      ]
    },
    "citation": "Minnesota Statutes 2024 section 462A.37",
    "subdivision": "2l"
  },
  {
    "analysis": {
      "added": [
        "Subdivision 5.1.6 corresponds to the addition of Subdivision 2l in 462A.37."
      ],
      "removed": [],
      "summary": "References the addition of Subdivision 2l to Minnesota Statutes 462A.37 as carried in the 2025 Supplement.",
      "modified": [
        "Minnesota Statutes 2025 Supplement section 462A.37 amended by adding subdivision 2l."
      ]
    },
    "citation": "Minnesota Statutes 2025 Supplement section 462A.37",
    "subdivision": "5.1.6"
  }
]

Progress through the legislative process

17%

In Committee