Issuance of emergency shelter facility appropriation bonds authorized, and money appropriated.

This bill authorizes the state of Minnesota to issue up to $47 million in bonds to fund grants for emergency shelter facilities for people experiencing homelessness. The funds can be used by eligible applicants including tribal governments, nonprofit organizations, and local housing authorities to build or operate safe shelter facilities. The state commissioner of administration will manage the bond issuance and establish a special fund to handle the proceeds and debt payments. The bonds may be structured with terms up to 21 years and can be sold at public or private sale to raise the necessary capital for these housing projects.