This bill appropriates a total of $15,000,000 for the local public housing program in Minnesota, specifically designated for qualified capital projects. The funds will be sourced from the bond proceeds fund and the general fund, with $15,000,000 allocated for fiscal year 2027. The Minnesota Housing Finance Agency is tasked with utilizing these funds in accordance with Minnesota Statutes, section 462A.44.

To facilitate this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $15,000,000. The bond issuance will follow the procedures outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and adhere to the stipulations of the Minnesota Constitution regarding state bonds. The effective date of this section is set for the day following its final enactment.