Minnesota SF3441 requires the commissioner to prepare a bonding bill forecast for the governor and legislature.

Minnesota SF3441 amends the state statutes to mandate the preparation of a bonding bill forecast by the commissioner. This forecast must detail the maximum amount of state general obligation bonds that could be issued annually. Additionally, it must include a debt capacity forecast, outlining the state's indebtedness and debt service for the past two fiscal years, with estimates for the future. The forecast aims to ensure the debt service does not exceed 2.5 percent of total nondedicated general fund revenues.

Minnesota SF3441 requires the commissioner to prepare a bonding bill forecast for the governor and legislature.

Minnesota SF3441 amends the state statutes to mandate the preparation of a bonding bill forecast by the commissioner. This forecast must detail the maximum amount of state general obligation bonds that could be issued annually. Additionally, it must include a debt capacity forecast, outlining the state's indebtedness and debt service for the past two fiscal years, with estimates for the future. The forecast aims to ensure the debt service does not exceed 2.5 percent of total nondedicated general fund revenues.