SF 2644 Minnesota Senate · 2025-2026 Regular Session

Housing infrastructure bonds issuance authorization provision and appropriation

This bill authorizes the issuance of $44.66 million in housing infrastructure bonds specifically for the St. Paul Port Authority's "The Heights" housing development project. It requires that all bond proceeds be used for housing meeting income limits defined in Minnesota law, unless the Port Authority designates the project for a specific affordability purpose. The bill also establishes annual funding transfers from the general fund to cover debt service payments for these bonds over multiple years (2015-2044), with varying annual amounts depending on the bond series. The direct beneficiary is the St. Paul Port Authority for its designated housing development.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 17, 2025 Last action Mar 17, 2025
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Total actions
2
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0
Committee
1
Mar 17, 2025
Committee
Referred to Housing and Homelessness Prevention
upper
Mar 17, 2025
Introduced
Introduction and first reading
upper
1 primary · 2 co-sponsors

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