MN HF3177

Amends Minnesota Statutes section 16A.105 to require the commissioner to prepare a new state general obligation bonding bill forecast delivered to the governor and legislature

The bonding bill forecast must specify the maximum amount of state general obligation bonds that could be issued and sold on or before November 1 of each year

Bond issuance limits are tied to maintaining debt service payments from the general fund at no more than 2.5 percent of total nondedicated general fund revenues

Existing debt capacity forecast requirements remain unchanged, requiring February and November reports showing past, current, and projected debt service for six fiscal years

Effective the day following final enactment