1.1 	A bill for an act
1.2 	relating to capital improvements; authorizing the
1.3 	issuance of state bonds; appropriating money to
1.4 	Hennepin County for affordable and supportive housing
1.5 	units.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION.
 1.8 	$8,500,000 is appropriated from the bond proceeds fund to
1.9 	the Housing Finance Agency for a grant to the Hennepin County
1.10 	Housing and Redevelopment Authority to build 64 units of
1.11 	affordable, stable, and supportive housing including some units
1.12 	targeted at those experiencing long-term homelessness.  The site
1.13 	is to be owned by the grantee above a nonprofit social service
1.14 	provider's site, and will be operated by the social service
1.15 	provider subject to Minnesota Statutes, section 16A.695.

1.16 	Sec. 2. BOND SALE.
 1.17 	To provide the money appropriated in this act from the bond
1.18 	proceeds fund, the commissioner of finance shall sell and issue
1.19 	bonds of the state in an amount up to $8,500,000 in the manner,
1.20 	upon the terms, and with the effect prescribed by Minnesota
1.21 	Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.22 	Constitution, article XI, sections 4 to 7.

1.23 	Sec. 3. EFFECTIVE DATE.
 1.24 	Sections 1 and 2 are effective the day following final
1.25 	enactment.