Bill > SF1800

This bill amends Minnesota Statutes by expanding the definition of "local government" to explicitly include housing and redevelopment authorities alongside existing entities like statutory or home rule charter cities and counties. The bill clarifies and broadens the terminology related to housing trust funds, which are dedicated funding mechanisms established by local governments to support housing initiatives. Specifically, the bill defines two types of housing trust funds: local housing trust funds (established by a single local government) and regional housing trust funds (established through joint powers agreements between multiple local governments). These funds are designed to have one or more dedicated sources of public revenue specifically earmarked for housing purposes. The changes aim to provide more clarity and flexibility for local governments in creating and managing housing trust funds, potentially making it easier to generate and allocate resources to address local housing needs.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1800&ssn=0&y=2025