Minnesota SF5150 authorizes the issuance of housing infrastructure bonds to finance a grant for the Glendale Townhomes redevelopment project.

Minnesota SF5150 amends state statutes to authorize the issuance of housing infrastructure bonds, with proceeds awarded as a grant to the Minneapolis Public Housing Authority for the redevelopment of the Glendale Townhomes in Minneapolis. The bill specifies that up to $7,000,000 in bonds may be issued for this purpose. The commissioner of management and budget is required to transfer funds annually to the housing infrastructure bond account. The bill becomes effective the day following final enactment.

Minnesota SF5150 authorizes the issuance of housing infrastructure bonds to finance a grant for the Glendale Townhomes redevelopment project.

Minnesota SF5150 amends state statutes to authorize the issuance of housing infrastructure bonds, with proceeds awarded as a grant to the Minneapolis Public Housing Authority for the redevelopment of the Glendale Townhomes in Minneapolis. The bill specifies that up to $7,000,000 in bonds may be issued for this purpose. The commissioner of management and budget is required to transfer funds annually to the housing infrastructure bond account. The bill becomes effective the day following final enactment.