This bill appropriates $15,000,000 from the bond proceeds fund to the Minnesota Housing Finance Agency specifically for the local public housing program, as outlined in Minnesota Statutes, section 462A.44. The funds are designated for qualified capital projects, and to facilitate this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to the same amount. The bond issuance will follow the procedures established by relevant Minnesota statutes and the state constitution.

Additionally, the bill includes a separate appropriation of $15,000,000 from the general fund for the local public housing program for fiscal year 2027. This funding aims to support the ongoing efforts to enhance public housing initiatives within the state. The effective date for the provisions in this bill is set for the day following its final enactment.