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MN SF2434

Bill

Status

Introduced

3/13/2025

Primary Sponsor

Rich Draheim

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Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Modifies how money enters the housing development fund by changing "appropriated" to "transferred into" and specifies funds must come "from the housing development fund" rather than just from the state generally

  • Removes the phrase "in 1976 and subsequent years" from provisions about appropriation availability, narrowing the scope of which appropriations remain available until fully expended

  • Permits unencumbered balances from housing development fund appropriations for loans or grants to be transferred between agency programs

  • Repeals four Minnesota Housing Finance Agency expenditure authorities: capacity building grants to nonprofits and tribal organizations (subd. 3b), discretionary spending for other agency purposes (subd. 5), rental housing program spending (subd. 23), and full cycle home ownership services spending (subd. 26)

Legislative Description

Certain Housing development fund expenditure provisions modifications and certain Minnesota Housing Finance Agency allowed expenditures repealer provision

Last Action

Author added Pha

3/4/2026

Committee Referrals

Housing and Homelessness Prevention3/13/2025

Full Bill Text

No bill text available