Governor approval; Secretary of State, Filed; Governor's action Approval; Secretary of State
Summary
The bill lets Minnesota issue new housing infrastructure bonds worth up to $400 million and requires the commissioner of management and budget to transfer earmarked funds each July to pay the bonds’ debt service. It applies to the state agency that issues the bonds and to the general fund that supplies the transfer amounts. The measure expands financing for housing projects while ensuring a reliable repayment source.
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