Minnesota SF2862 modifies annual volume cap allocations and the allocation procedure for public facility projects funded by public facility bonds.
Minnesota SF2862 amends the annual volume cap allocations and the allocation procedure for public facility projects funded by public facility bonds. It adjusts the allocation so that each adjusted allocation is the same percentage of the annual volume cap as each original allocation is of the total bonding authority originally allocated. The bill specifies the order of priority for awarding allocations, including preservation projects, 30 percent AMI residential rental projects, and 50 percent AMI residential rental projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.