Authorizes housing infrastructure bonds for Minneapolis Public Housing Authority's Glendale Townhomes redevelopment.

The bill authorizes the issuance of housing infrastructure bonds to finance a grant for the Minneapolis Public Housing Authority's Glendale Townhomes redevelopment project. It amends Minnesota Statutes to allow the issuance of up to $7,000,000 in bonds, with proceeds awarded as a grant. The commissioner of management and budget must transfer funds to the housing infrastructure bond account annually if certain bonds remain outstanding. The bill is effective the day following final enactment.

Authorizes housing infrastructure bonds for Minneapolis Public Housing Authority's Glendale Townhomes redevelopment.

The bill authorizes the issuance of housing infrastructure bonds to finance a grant for the Minneapolis Public Housing Authority's Glendale Townhomes redevelopment project. It amends Minnesota Statutes to allow the issuance of up to $7,000,000 in bonds, with proceeds awarded as a grant. The commissioner of management and budget must transfer funds to the housing infrastructure bond account annually if certain bonds remain outstanding. The bill is effective the day following final enactment.