Bill > SF3839

This bill authorizes the state to issue up to an additional $200,000,000 in housing infrastructure bonds, which are loans taken out by the state to fund housing projects, and appropriates money to cover the costs associated with these bonds. Specifically, it adds a new subdivision to existing law (Minnesota Statutes 2024, section 462A.37) to allow for this increased bond issuance, with payments for these bonds being pledged to secure the debt. The bill also amends a section of the law (Minnesota Statutes 2025 Supplement, section 462A.37, subdivision 5) to include provisions for the repayment of these newly authorized bonds, ensuring that the Commissioner of Management and Budget will transfer funds from the general fund to the housing infrastructure bond account annually from 2028 through 2049 to cover the debt service, which is the amount of money needed to pay back the principal and interest on the bonds.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/94/2026/0/SF/3839/