Debt limit establishment

This bill establishes two specific debt limits for Minnesota's state government. It requires the commissioner to calculate the maximum new debt the state can issue, ensuring debt payments stay under 3% of projected general fund revenue for all state debt, and under 0.6% for certain bond types like agency bonds. These limits apply to new borrowing starting July 2025 and must be included in annual debt forecasts. The bill directly affects how the state manages its borrowing authority for capital projects, preventing excessive debt accumulation relative to revenue.