This bill proposes to restructure and rename the Minnesota Higher Education Facilities Authority to the Minnesota Health and Education Facilities Authority, expanding its mandate to include the construction and financing of health care facilities alongside education facilities. Key amendments include increasing the bonding capacity from $2 billion to $5 billion, with allocations of $2.25 billion for education and $2.75 billion for health care. The bill introduces new definitions related to health care organizations and modifies the authority's membership structure by increasing the number of members from eight to nine, incorporating representatives from health care organizations, and establishing advisory, nonvoting members from relevant associations.

Additionally, the bill amends various sections of Minnesota Statutes to remove references to "higher education" and broaden the scope to health care facilities. It includes provisions for the authority to issue revenue bonds for projects, ensuring that bond proceeds do not benefit private parties and requiring local government consent for financing health care facilities. The bill also mandates the authority to submit an annual report detailing its activities and financials, clarifies conflict of interest provisions for employees of participating institutions, and includes a revisor instruction to update statutory references. Overall, the legislation aims to enhance health care infrastructure financing while ensuring accountability and compliance with regulations.

Statutes affected:
Introduction: 136A.25, 136A.26, 136A.27, 136A.28, 136A.29, 136A.32, 136A.33, 136A.34, 136A.36, 136A.38, 136A.41, 136A.42, 3.732, 10A.01, 136F.67, 354B.20