A bill for an act
relating to housing; allowing housing and redevelopment authorities to establish
local housing trust funds; amending Minnesota Statutes 2022, section 462C.16,
subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2022, section 462C.16, subdivision 1, is amended to read:
(a) For the purposes of this section, the following terms have
the meanings given to them.
(b) "Commissioner" means the commissioner of the Minnesota Housing Finance Agency.
(c) "Fund" means a local housing trust fund or a regional housing trust fund.
(d) "Local government" means any statutory or home rule charter citynew text begin , a housing and
redevelopment authority,new text end or a county.
(e) "Local housing trust fund" means a fund established by a local government with one
or more dedicated sources of public revenue for housing.
(f) "Regional housing trust fund" means a fund established and administered under a
joint powers agreement entered into by two or more local governments with one or more
dedicated sources of public revenue for housing.