MN SF5467

Amends Minnesota Statutes section 16A.105 to require the commissioner to include debt limits in debt capacity forecasts prepared after July 1, 2024.

Establishes a primary debt limit requiring payment on all outstanding state debt to be no more than 3 percent of estimated nondedicated general fund revenue.

Establishes a secondary debt limit for appropriation bonds, certificates of participation, and lease-purchase financing, capping payments at 0.6 percent of estimated nondedicated general fund revenue.

Defines "debt" to include general obligation bonds, appropriation bonds, agency appropriation bonds, certificates of participation, and lease-purchase financing payable from general fund revenues.

Limits use of debt limits to delaying issuance of debt authorized after forecasts showing the limits will be exceeded; does not affect previously authorized debt or appropriations.