This bill appropriates $20,000,000 from the bond proceeds fund to the Minnesota Housing Finance Agency for the Greater Minnesota Housing Infrastructure grant program, as outlined in Minnesota Statutes, section 462A.395. To facilitate this funding, the commissioner of management and budget is authorized to sell and issue state bonds up to the same amount, following the procedures established by relevant Minnesota statutes and the state constitution.

Additionally, the bill includes a provision stating that it will take effect the day after it is enacted. This legislative action aims to enhance housing infrastructure in Greater Minnesota by providing necessary financial resources through the issuance of general obligation bonds.