The bill authorizes the issuance of supportive housing and shelter facility appropriation bonds in Minnesota, aimed at funding projects that provide temporary housing to prevent homelessness. It introduces new legal language under Minnesota Statutes, chapter 16A, specifically detailing the definitions, authorization, and procedures for issuing these bonds. The commissioner is empowered to sell and issue these bonds, with a total amount not exceeding $30,500,000, to fund loans or grants for shelter facilities. The proceeds from these bonds will be allocated to a special fund and used for various purposes, including the construction of housing units for victims of domestic abuse and their children.

Additionally, the bill outlines the financial structure of the bonds, stating that they are not public debt of the state and do not require the state to make appropriations for their payment. It specifies that the bonds will be payable only from amounts appropriated by the legislature for debt service in each fiscal year. The bill also includes provisions for the appropriation of proceeds, with specific amounts designated for grants to organizations like 360 Communities for constructing housing and shelter facilities. The effective date of the bill is set for the day following its final enactment.