Minnesota HF2252: Annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds modified.

What the bill says

A bill for an act relating to economic development; modifying the annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds; amending Minnesota Statutes 2024, sections 474A.03, subdivision 1; 474A.091, subdivisions 2a, 3.

From the introduced text, March 11, 2025:

A bill for an act relating to economic development; modifying the annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds; amending Minnesota Statutes 2024, sections 474A.03, subdivision 1; 474A.091, subdivisions 2a, 3. Section 1. Minnesota Statutes 2024, section 474A.03, subdivision 1, is amended to read: Subdivision 1. Under federal tax law; allocations. At the beginning of each calendar year after December 31, 2001, the commissioner shall determine the aggregate dollar amount of the annual volume cap under federal tax law for the calendar year, and of this amount the commissioner shall make the following (2) $122,060,000 to the housing pool, of which 27 percent of the adjusted allocation is reserved until the last Monday in June each year until 2021 for single-family housing programs, after which 31 percent of the adjusted allocation is reserved until the last Monday in June for single-family programs; (3) deleted text begin $12,750,000deleted text end new text begin [ and (4) amounts to be allocated as provided in subdivision 2a. If the annual volume cap is greater or less than the amount of bonding authority allocated under clauses (1) to (4) and subdivision 2a, paragraph (a), clauses (1) to (4), the allocation must be adjusted so that each adjusted allocation is the same percentage of the annual volume …

Read the full official text

Sponsors

• Anderson, P. E. (R) · primary sponsor

Latest actions

1. April 13, 2026: Joint rule 2.03, Deadlines, re-referred to Rules and Legislative Administration
2. April 13, 2026: Committee report, without further recommendation re-refer to Capital Investment
3. March 12, 2025: Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy

Common questions

What is HF2252?

HF2252 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds modified.

What does HF2252 do?

In its own words: A bill for an act relating to economic development; modifying the annual volume cap allocations and allocation procedure for public facility projects funded by public facility bonds; amending Minnesota Statutes 2024, sections 474A.03, subdivision 1; 474A.091, subdivisions 2a, 3.

What is the status of HF2252?

In committee as of April 13, 2026. Latest action: Joint rule 2.03, Deadlines, re-referred to Rules and Legislative Administration (April 13, 2026).

Who sponsored HF2252?

Anderson, P. E. (R).

Where is the official record for HF2252?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF2252&y=2025&ssn=0&b=house