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MN HF4884
Bill
Status
5/16/2022
Primary Sponsor
Emma Greenman
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AI Summary
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Appropriates $3,500,000 from bond proceeds to the commissioner of employment and economic development for a grant to the city of Richfield for Veterans Village development and construction.
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Veterans Village is a 183-unit multifamily housing project with veterans priority, providing affordable housing on the site of American Legion Post 435 in Richfield.
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Authorizes the commissioner of management and budget to sell and issue general obligation bonds up to $3,500,000 under Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, article XI, sections 4 to 7.
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Bond proceeds, excluding accrued interest and premiums, shall be appropriated to the city of Richfield for the veterans housing project purposes.
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Effective the day following final enactment.
Legislative Description
Richfield; veteran affordable housing development and construction funding provided, bonds issued, and money appropriated.
Last Action
Introduction and first reading, referred to Capital Investment
5/16/2022