Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

HF 2718

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17
1.18 1.19 1.20 1.21 1.22 1.23
2.1 2.2

A bill for an act
relating to capital improvements; appropriating money for publicly owned
housing; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION.
new text end

new text begin $10,000,000 is appropriated from the bond proceeds fund to the commissioner
of the Housing Finance Agency for transfer to the housing development fund for the
purposes specified in this section. This appropriation is for loans or grants: (1) for publicly
owned emergency shelter; (2) for publicly owned temporary or transitional housing
under Minnesota Statutes, section 462A.201, subdivision 2; and (3) for publicly owned
permanent rental housing under Minnesota Statutes, section 462A.202, subdivision 3a, for
persons who have been without a permanent residence either for at least 12 months or on
at least four occasions in the last three years, or who were at significant risk of lacking a
permanent residence for at least 12 months or on at least four occasions in the last three
years. Loans or grants under Minnesota Statutes, section 462A.202, subdivision 3a, must
be for housing that provides or coordinates with linkages to services necessary for residents
to maintain housing stability and maximize opportunities for education and employment.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$10,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI,
sections 4 to 7.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end