Minnesota HF2549 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota HF2549 amends state statutes to authorize the issuance of housing infrastructure bonds. It specifies that the commissioner of management and budget must transfer funds to the housing infrastructure bond account annually if certain bonds remain outstanding. The bill appropriates money from the general fund for these transfers, which cover periods from 2015 to 2048. The proceeds from the bonds are designated for various housing projects, including The Heights housing development project by the St. Paul Port Authority, subject to certain income limits.

Minnesota HF2549 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota HF2549 amends state statutes to authorize the issuance of housing infrastructure bonds. It specifies that the commissioner of management and budget must transfer funds to the housing infrastructure bond account annually if certain bonds remain outstanding. The bill appropriates money from the general fund for these transfers, which cover periods from 2015 to 2048. The proceeds from the bonds are designated for various housing projects, including The Heights housing development project by the St. Paul Port Authority, subject to certain income limits.