Minnesota SF3839 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota SF3839 amends the state statutes to authorize the issuance of housing infrastructure bonds. It appropriates funds from the general fund to the commissioner of management and budget for the debt service on these bonds. The bill specifies annual transfers to the housing infrastructure bond account for various series of bonds, with certain bonds requiring transfers from 2015 to 2049. The amounts transferred are certified annually and are subject to specific annual limits. The bill is effective the day following final enactment.

Minnesota SF3839 authorizes the issuance of housing infrastructure bonds and appropriates funds for their debt service.

Minnesota SF3839 amends the state statutes to authorize the issuance of housing infrastructure bonds. It appropriates funds from the general fund to the commissioner of management and budget for the debt service on these bonds. The bill specifies annual transfers to the housing infrastructure bond account for various series of bonds, with certain bonds requiring transfers from 2015 to 2049. The amounts transferred are certified annually and are subject to specific annual limits. The bill is effective the day following final enactment.