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MN SF2434
Bill
Status
3/13/2025
Primary Sponsor
Rich Draheim
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AI Summary
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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
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Removes the phrase "in 1976 and subsequent years" from provisions about appropriation availability, narrowing the scope of which appropriations remain available until fully expended
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Permits unencumbered balances from housing development fund appropriations for loans or grants to be transferred between agency programs
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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