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MN SF4180

Bill

Status

Introduced

3/21/2022

Primary Sponsor

Mary Kiffmeyer

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Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • 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.

  • Redirects accrued interest from broker trust accounts (less transaction costs) to the housing trust fund account rather than general state revenue.

  • Applies the same Minnesota Housing Finance Agency designation to manufactured home relocation trust fund payments and reporting requirements across three statute sections.

  • 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

Committee Referrals

Housing Finance and Policy3/21/2022

Full Bill Text

No bill text available