Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                        RESOLUTION 7--S.F.No. 645
 A resolution memorializing the President and Congress 
to authorize the issuance of qualified mortgage bonds 
beyond the current expiration date of December 31, 
1983. 
    WHEREAS, high interest rates have placed a heavy burden on 
low and moderate income families attempting to finance mortgages 
and home improvement loans; and 
    WHEREAS, the elimination of direct Federal assistance for 
housing production has placed an increased burden on the States 
to provide these services; and 
    WHEREAS, the State of Minnesota, through the Minnesota 
Housing Finance Agency, has developed effective programs to 
assist low and moderate income families to purchase and 
rehabilitate housing; and 
    WHEREAS, the ability of the State of Minnesota to continue 
to provide housing assistance will be greatly inhibited without 
the availability of Federal tax-exempt financing; NOW, 
THEREFORE, 
    BE IT RESOLVED by the Legislature of the State of Minnesota 
that Congress should speedily enact legislation to authorize the 
issuance of qualified mortgage bonds beyond the current 
expiration date of December 31, 1983. 
    BE IT FURTHER RESOLVED that the Secretary of State of the 
State of Minnesota is directed to transmit certified copies of 
this memorial to the President of the United States, the 
President and the Secretary of the United States Senate, the 
Speaker and the Chief Clerk of the United States House of 
Representatives, and to Minnesota's Senators and Representatives 
in Congress. 
    Approved June 14, 1983