MN SF1676

Renames the Minnesota Higher Education Facilities Authority to the Minnesota Health and Education Facilities Authority and expands its mission to include financing construction of health care facilities in addition to higher education facilities

Increases the authority's total bonding capacity from $2 billion to $5 billion, with a $2.25 billion cap for education facilities and a $2.75 billion cap for health care facilities

Expands authority membership from eight to nine governor-appointed members, adding a requirement that at least one member be a trustee, director, officer, or employee of a health care organization, plus a nonvoting advisory member from a nonprofit health care association

Defines eligible health care facilities broadly to include hospitals, clinics, nursing homes, assisted living facilities, hospices, medical laboratories, and various other health care delivery settings, including facilities in states geographically contiguous to Minnesota operated by Minnesota-affiliated organizations

Requires health care organizations receiving financing to certify that bond proceeds will not directly or indirectly benefit private parties or private equity-funded entities, and requires local government consent for health care facility financing in cities or towns with populations of 100,000 or more