SF 5212

Introduction - 94th Legislature (2025 - 2026)

Posted on 04/28/2026 09:12 a.m.

A bill for an act
relating to capital investment; appropriating money for the local public housing
program; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin LOCAL PUBLIC HOUSING PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the Minnesota Housing Finance Agency for the local public housing program under
Minnesota Statutes, section 462A.44. This appropriation must be used for qualified capital
projects.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $15,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 2. new text begin LOCAL PUBLIC HOUSING PROGRAM; APPROPRIATION.
new text end

new text begin $15,000,000 in fiscal year 2027 is appropriated from the general fund to the Minnesota
Housing Finance Agency for the local public housing program under Minnesota Statutes,
section 462A.44.
new text end