MN HF4364

Amends Minnesota Statutes section 16A.105 to require debt capacity forecasts prepared after July 1, 2024 to include a debt limit determined by the commissioner.

Establishes debt limit as state debt payable from nondedicated general fund revenues, including general obligation bonds, appropriation bonds, agency bonds, certificates of participation, and lease-purchase financing.

Sets maximum debt payment at 3 percent of estimated nondedicated general fund revenue for all outstanding debt combined.

Limits debt payable from appropriation bonds, agency bonds, certificates of participation, and lease-purchase financing to 0.6 percent of estimated nondedicated general fund revenue.

Allows debt limits to delay issuance of newly authorized debt only; does not permit delay or reduction of previously authorized debt or cancellation of prior appropriations.