Minnesota Legislature
SF 4586
as introduced - 91st Legislature (2019 - 2020) Posted on 05/08/2020 07:50am
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
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A bill for an act
relating to housing; extending deadline for bond obligations.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin OBLIGATION DEADLINE EXTENSION.
new text end
new text begin
Notwithstanding the requirement in Minnesota Statutes, section 474A.061, subdivision
2a, that an issuer must issue obligations equal to all or a portion of an allocation received
from the housing pool on or before 180 days of the allocation, an issuer will have until
December 1, 2020, to issue obligations equal to all or a portion of allocations made between
January 1, 2020, and the last Monday in June 2020.
new text end