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MN SF2264
Bill
Status
3/6/2025
Primary Sponsor
Eric Lucero
Click for details
AI Summary
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Cities receiving local government aid must dedicate a portion equal to their pre-1940 housing percentage multiplied by their city formula aid amount specifically for urban renewal projects on pre-1940 housing
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Eligible uses include updating utilities, infrastructure, wiring, plumbing, insulation, heating, cooling, and efficiency systems in pre-1940 homes
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Cities may distribute funds directly for projects or provide grants or low-interest loans to property owners
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Cities with a calculated dedication amount under $100 are exempt from the requirement
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Effective for aids payable in calendar year 2025 and thereafter
Legislative Description
Local government aid dedication to cities for pre-1940 housing improvements authorization
Last Action
Referred to Taxes
3/6/2025