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MN SF4180
Bill
Status
3/21/2022
Primary Sponsor
Mary Kiffmeyer
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AI Summary
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Transfers authority over trust account management from the Commissioner of Management and Budget to the Minnesota Housing Finance Agency for real estate broker pooled interest-bearing trust accounts.
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Redirects accrued interest from broker trust accounts (less transaction costs) to the housing trust fund account rather than general state revenue.
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Applies the same Minnesota Housing Finance Agency designation to manufactured home relocation trust fund payments and reporting requirements across three statute sections.
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Requires the Department of Health to provide annually by March 31 a list of licensed manufactured home parks and lot information to the Minnesota Housing Finance Agency for invoicing purposes.
Legislative Description
Trust account requirements modification
Last Action
Referred to Housing Finance and Policy
3/21/2022