Minnesota Higher Education Facilities Authority restructured and renamed to Minnesota Health and Education Facilities Authority, authority to construct and finance health care facilities authorized, and bonding capacity increased.

HF 1165 renames the Minnesota Higher Education Facilities Authority to the Minnesota Health and Education Facilities Authority and authorizes it to finance health care facilities in addition to its existing role supporting higher education. The bill increases the agency's bonding capacity, allowing it to issue more bonds to fund construction and improvements for both health care and educational facilities. This directly affects health care organizations and institutions of higher education in Minnesota by expanding their access to financing for facility projects. The legislation also updates the authority's board composition requirements to include members with expertise in health care, higher education, and finance.