Authorizes issuance of housing infrastructure bonds and appropriates funds for debt service.

The bill authorizes the issuance of housing infrastructure bonds and appropriates funds for debt service. It specifies that the commissioner of management and budget must transfer certain amounts to the housing infrastructure bond account annually if any bonds remain outstanding. The bill also amends Minnesota Statutes to add provisions for additional appropriations and bond authorizations. The proceeds from the bonds are to be applied to the St. Paul Port Authority for The Heights housing development project.

Authorizes issuance of housing infrastructure bonds and appropriates funds for debt service.

The bill authorizes the issuance of housing infrastructure bonds and appropriates funds for debt service. It specifies that the commissioner of management and budget must transfer certain amounts to the housing infrastructure bond account annually if any bonds remain outstanding. The bill also amends Minnesota Statutes to add provisions for additional appropriations and bond authorizations. The proceeds from the bonds are to be applied to the St. Paul Port Authority for The Heights housing development project.