Minnesota HF3806 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota HF3806 amends state statutes to authorize the issuance of housing infrastructure bonds and appropriates money for their debt service. The bill specifies that if any housing infrastructure bonds remain outstanding, the commissioner of management and budget must transfer certain amounts to the housing infrastructure bond account. These transfers are funded by appropriations from the general fund. The bill also allows the agency to issue up to $200,000,000 in bonds and pledges certain payments for their repayment. The provisions cover bond issuance and transfers from 2015 through 2049.

Minnesota HF3806 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota HF3806 amends state statutes to authorize the issuance of housing infrastructure bonds and appropriates money for their debt service. The bill specifies that if any housing infrastructure bonds remain outstanding, the commissioner of management and budget must transfer certain amounts to the housing infrastructure bond account. These transfers are funded by appropriations from the general fund. The bill also allows the agency to issue up to $200,000,000 in bonds and pledges certain payments for their repayment. The provisions cover bond issuance and transfers from 2015 through 2049.