Local government debt financing modified.

HF 2730 modifies how Minnesota counties and cities finance capital projects through bonds. It changes approval requirements: counties can now approve certain bonds (like for capital improvements) with a 3/5 vote of the county board (2/3 for metro counties) without a public vote, unless a petition by 5% of voters triggers a vote. The bill expands eligible projects for state-backed debt guarantees to include jails, courthouses connected to law enforcement facilities, water systems, social services facilities, and certain housing projects. It also requires a $500 fee per bond issue for applications seeking this guarantee, with fees deposited into a dedicated account.