Minnesota Higher Education Facilities Authority restructuring and renaming to Minnesota Health and Education Facilities Authority provision, Authority construction and financing of health care facilities authorization provision, and increasing bonding capacity

This bill renames the Minnesota Higher Education Facilities Authority to the Minnesota Health and Education Facilities Authority. It expands the authority's purpose to include constructing and financing healthcare facilities (previously limited to education facilities) and increases its borrowing capacity. The change directly affects healthcare organizations and higher education institutions in Minnesota seeking to build or refinance facilities. The key mechanism is modifying the authority's legal mandate to allow healthcare project financing while raising its debt limit for these projects.