Port development assistance program funding provided, bonds issued, and money appropriated.

HF 1537 appropriates $44 million from state bond proceeds to fund Minnesota's Port Development Assistance Program under Chapter 457A of state law. The funds must be used for publicly owned port infrastructure improvements, such as docks or equipment. The commissioner of management and budget will issue up to $44 million in state bonds to provide this funding, following established bond procedures. This bill directly affects Minnesota ports seeking capital improvements for public use.