The bill proposes the appropriation of $4,000,000 for the Greater Minnesota Housing Infrastructure program, which is to be funded through the sale and issuance of state bonds. Specifically, it transfers $4,000,000 from the bond proceeds fund to the housing development fund for the fiscal year 2026, which will then be allocated to the Minnesota Housing Finance Agency to support the Greater Minnesota Housing Infrastructure grant program as outlined in Minnesota Statutes, section 462A.395.

Additionally, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,000,000 to facilitate this funding. The provisions for the bond sale will adhere to the guidelines set forth in Minnesota Statutes, sections 16A.631 to 16A.675, and the Minnesota Constitution, article XI, sections 4 to 7. The effective date of this section will be the day following its final enactment.