Bill Summary

• Authorizes $190,000,000 in nonprofit housing bonds for loans to local governments and nonprofits for affordable rental housing acquisition, construction, renovation, and Americans with Disabilities Act compliance modifications

• Appropriates $350,000,000 from bond proceeds to the Housing Finance Agency for loans and grants to rehabilitate publicly owned rental housing for low-income and senior residents

• Appropriates $160,000,000 for green energy investments including $100,000,000 for renewable energy systems in local government buildings, $25,000,000 for school district and local government energy efficiency improvements, $15,000,000 for state building improvements, and $10,000,000 each for residential energy efficiency programs and local government energy financing reserves

• Appropriates $949,000,000 from bond proceeds to the University of Minnesota and $344,000,000 to Minnesota State Colleges and Universities for deferred maintenance and capital improvements projects

• Authorizes sale of up to $1,643,000,000 in state bonds to fund the appropriations, with annual debt service payments from the general fund capped at $16,000,000 through 2032