MN HF4144

Adds a fifth eligible use for dedicated tax proceeds to include capital costs for constructing buildings and facilities that maintain transportation or transit projects or improvements.

Modifies lease-purchase agreements for real property to exclude obligations under $1,000,000 from net debt calculations, aligning treatment with personal property lease-purchase agreements.

Removes outdated language in section 475.56 regarding coupon designations for interest rate representation while maintaining the two percent limit on additional obligations above the authorized amount.

Expands the definition of street reconstruction and bituminous overlays to explicitly include bicycle lanes, sidewalks, paths, safety improvements, and realignments as eligible uses for bond financing.

Repeals Minnesota Statutes 2018, section 469.055, subdivision 7, which previously governed real property sales by authorities.