Modifies distribution of local affordable housing aid in Minnesota, allocating funds to state and metropolitan city and county accounts.
The bill modifies the distribution of local affordable housing aid in Minnesota by changing the allocation of funds from the metropolitan sales tax. It now distributes 25% to the state rent assistance account, 25% to the metropolitan city aid account, and 50% to the metropolitan county aid account. These funds are part of the housing assistance fund and are appropriated annually to the commissioner of revenue for payments to cities and counties.
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