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MN HF5459
Bill
Status
Introduced
5/7/2024
Primary Sponsor
Patti Anderson
Click for details
AI Summary
- Reduces small issue pool allocation from $74,530,000 to $25,500,000 annually
- Increases public facilities pool allocation from $12,750,000 to $61,780,000 annually
- Extends the bond issuance deadline from 120 days to 180 days for allocations received under subdivision 2a
- Adds public facility projects funded by public facility bonds as second priority (after residential rental bonds) for unified pool allocations prior to October 1
- Removes public facility projects from the allocation priority list for October 1 through November allocations, with mortgage bonds becoming the second priority instead
Legislative Description
Annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds modified.
Last Action
Introduction and first reading, referred to Taxes
5/7/2024
Committee Referrals
Taxes5/7/2024
Full Bill Text
No bill text available