Local public housing program bond issue and appropriation

This bill authorizes the state of Minnesota to issue up to $15,000,000 in bonds to fund capital projects for the local public housing program. The money raised from these bonds, along with an additional $15,000,000 from the general fund, will be provided to the Minnesota Housing Finance Agency for use in fiscal year 2027. These funds are restricted to qualified capital improvements for public housing facilities managed under state law. The legislation directs the commissioner of management and budget to handle the bond sale according to existing state statutes and constitutional requirements.