Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
H.F. No. 12 - Capital Investment; Housing Infrastructure Bonding Bill (Minnesota Laws 2019, Chapter 13) (First Special Session - 2019)
 
Author: Senator David H. Senjem
 
Prepared By: Stephanie James, Senate Counsel (651/296-0103)
 
Date: May 30, 2019



 

Section 1 [Authorization] modifies the description of purposes for which housing infrastructure bonds may be used for mobile home parks, by permitting use of bond proceeds for acquisition of mobile home parks and by eliminating the restriction that required the money be spent on the portion of mobile home parks attributable to land to be leased to low and moderate income manufactured homeowners.

Section 2 [Additional authorization] authorizes the Minnesota Housing Finance Authority to issue $60 million in housing infrastructure bonds.

Section 3 [Additional appropriation] appropriates annually, from fiscal years 2022 to 2043, from the general fund the amount necessary to pay the debt service payments on the bonds issued under the authority in section 2.

Section 4 [Reauthorization] appropriates about $550,000 in general obligation bond proceeds for the Minnesota Shubert Center for Dance and Music, by reauthorizing a bond issuance that would otherwise have canceled on July 1, 2019 that had been appropriated to the Hennepin County Center for the Arts project and had not been spent or obligated.

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 05/30/2019
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn