The bill proposes the appropriation of $4,000,000 for the Greater Minnesota Housing Infrastructure program, which is to be allocated from the bond proceeds fund to the housing development fund in fiscal year 2026. This funding will be directed 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 bond issuance will be conducted in accordance with the relevant Minnesota Statutes and the state constitution. The provisions of this bill will take effect the day after it is enacted.