Transcript Highlights:

• I'm a public finance professional with DAD Davidson and a tax-exempt bond expert.
• of borrowing for these institutions that are using these bonds.
• It's a longstanding financing bonds are.
• It allows for these these bonds.
• allocation, LIHTC or low 4% tax credit bonds, which fall in this pool.

Bills: HF3217, HF2252

Keywords: bioindustrial facilities, economic development, renewable energy, advanced biofuels, state funding, HF2252, Minnesota bonding, volume cap, private activity bonds, tax-exempt bonds, public facility bonds, public facilities pool, unified pool, bond allocation, municipal finance, bond cap, housing bonds, residential rental projects, manufacturing bonds, enterprise zone bonds

Summary: The committee first approved the prior day’s minutes as amended, correcting the meeting number from the 46th to the 45th meeting. It then took up House File 3217, which would restore funding for the Minnesota Bioincentive Program. Representative Kisha argued the state should honor commitments made to companies that met program requirements and had not received full reimbursement. Testifiers from the Great Plains Institute and Minnesota Biofuels Association said the program has supported bioeconomy investment, reduced greenhouse gas emissions, and generated strong economic returns, but has been underfunded, leaving unpaid claims. Members raised questions about whether the bill was retrospective and whether it should be reviewed by another committee; the bill was laid over for further consideration without a vote. The committee then heard House File 2252, a proposal to modernize Minnesota’s private activity bond volume cap by shifting unused allocation from the small issuer/manufacturing bucket to the public facilities bucket while leaving the overall cap unchanged. The bill’s public finance testifier said the current allocation formula is outdated, housing would remain the top priority, and the change would be budget neutral. Testifiers from the Minnesota Milk Producers Association and Minnesota Biofuels Association supported the bill, saying it would better align financing with rural infrastructure, clean water, manure management, renewable natural gas, dairy processing, and low-carbon fuel projects, and could lower borrowing costs for those sectors. Members questioned whether the bill fit the committee’s jurisdiction and noted it might be more appropriate for another committee; the bill was also laid over for further consideration.

Transcript Highlights:

• . bonds.
• Therefore, if you decide to issue revenue bonds or water bonds, for example, through the Texas Water
• We had some general obligation bonds from a previous bond issue that we… And then three months later,
• The bonds are for 30 years.
• It's about private activity bonds, one of the easier types of bonds we're going to hear about today.

Bills: HB1453, HB1718, HB2043, HB2207, HB2798

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Bills: HB113

Keywords: HB 113, Texas, Government Code Chapter 1253, general obligation bonds, bond election, voter approval, political subdivision, local government, city bonds, county bonds, school district bonds, capital projects, public finance, bond referendum, ballot measure, five-year waiting period, rejected proposition, election law, municipal finance

Transcript Highlights:

• today we are acting on three vehicle-only bills since we have not reached a joint agreement for a geo bonding
• Members, this is another vehicle bill so we can hopefully get a bonding bill done. Thank you.
• I really appreciate that, and I really am excited for the bonding tours where more friendships can be
• Unfortunately, a lot of the good things that people really get excited about in a bonding bill are their
• I look forward to the bonding tours; there's nothing like being on a bus with many of my favorite colleagues

Bills: HF719, HF2484, HF2486

Keywords: safety, school transportation, infrastructure, capital investment, state bonds, library construction, education funding, early childhood, child protection, funding, bonds, education facilities

Transcript Highlights:

• General obligation bonds can be used for three things: the specific purpose for which the bond was marketed
• of the original bond.
• That it would "repurpose" bond funds from the district's 2018 bond program.
• A little bit quicker, and that's why we see the next bond election, you know, a no tax increase bond
• Tara, did the Houston bond issue pass? It did not. Thank you. Who put the bond issue to the voters?

Bills: SB414, SB621, SB2395

Keywords: bond election, ballot proposition, debt obligation, municipal bonds, local government finance, property tax, ad valorem tax, school district bonds, county bonds, special taxing district, voter information document, public debt, municipal finance, tax-supported debt, election ballot language, bond transparency, homestead tax impact, capital improvements, general obligation bonds, public bank

Transcript Highlights:

• Uh, I look forward to the bonding tours.
• Uh, I look forward to the bonding tours.
• Uh, I look forward to the bonding tours.
• Uh, I look forward to the bonding tours.
• Uh, I look forward to the bonding tours.

Bills: HF719, HF2484, HF2486

Keywords: safety, school transportation, infrastructure, capital investment, state bonds, library construction, education funding, early childhood, child protection, funding, bonds, education facilities, 1183, house

Transcript Highlights:

• Uh, does the, um, housing bonds count against our ability in the bonding committee?
• ability in the bonding committee?
• So, uh, you advocated in bonding.
• bonding uh to be at about $10 million. bonding uh to be at about $10 million.
• The idea being that mindot bonds.

Bills: HF4736, HF4737, HF3806, HF3352, HF4840, HF3748

Keywords: emergency shelter, grant program, homelessness, capital investment, Minnesota Statutes, appropriation bonds, public funding, housing, infrastructure bonds, funding, appropriation, Minnesota constitutional amendment, public debt, state bonds, general obligation bonds, information technology, IT infrastructure, software licenses, technology modernization, capital improvements

Transcript Highlights:

• <00:05:01.600> or issued bonds or issued bonds or or<00:05:03.320> the<00:05:03.600
• We issue bonds based on the whole capital.
• We issue bonds based on the whole capital.
• We issue bonds based on the whole capital.
• We issue bonds based on the whole capital.

Bills: HF4841, HF4234, HF3697

Keywords: Hennepin County, sales tax, health care facilities, ballpark improvements, tax revenue, HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund

Bills: SB48, HB250, SB17

Keywords: State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, technology, innovation, advisory board, entrepreneurial support, stakeholder representation

Transcript Highlights:

• We're going to start with Senate Bill 48, which is the State Fairgrounds District Bond bill.
• You may not recall that when we passed that bill, we put three checks to any bonding.
• So we are proposing to use about $92 million on our first tranche of bonds, and it goes all toward that
• my co-sponsor, you know well, is Representative Anya Nornu, and this is Justin Horowitz, who is the bond
• The next step, which the sale of the proposed bonds would take, is logical, limited in scope, and just

Bills: SB48, HB250, SB17

Keywords: State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, technology, innovation, advisory board, entrepreneurial support, stakeholder representation

Transcript Highlights:

• It has a bond bill capacity totaling approximately $392.5 million for three bond issues.
• So with this, the bonds. So with this, the bonds, that's different than capital outlay.
• with the last bond sale, has started taking a little bit of a different approach to selling the bonds
• How often do we do general obligation bonds? Chair, how often do we do general obligation bonds?
• The bonds are paid off.

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• It appears to have to do with whether or not there's an outstanding bonded indebtedness.
• Is there a bond related to all MRAs, Mr.
• , Representative, so in the MRA statute, what we call a property tax abatement is referred to as a bond
• But in the development of our abatement program, we have used what are the bond sections of the original

Bills: HB248, HB309, HB332, SB48

Keywords: general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools

Transcript Highlights:

• The federal low-income housing bonds.
• , users of these private activity bonds, users of these private activity bonds, uh<00:05:06.919><
• didn't get bonds.
• And so has an allocation of those bonds.
• > used<00:13:29.040> um But these bonds are used um But these bonds are used um in<00:13

Bills: HF4234, HF3697, HF1183, HF4738

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund, Minnesota Statutes, time limit, claims, tax overpayment, taxation

Summary: The committee first adopted the April 14, 2026 minutes as amended, correcting a misspelling in the reference to Chair Davids. It then heard House File 4234, a tax-exempt bonding/affordable housing bill from Representative Rey Rower, and adopted a technical A1 amendment before laying the bill over for possible inclusion in the 2026 tax bill. The bill would conform Minnesota law to recent federal changes to low-income housing tax credit rules by lowering the amount of tax-exempt bonds needed for projects to qualify, with the stated goal of spreading bond allocations across more projects and increasing affordable housing production without additional state funds. Testimony in support came from the bill author, the Greater Minnesota Housing Fund, and Mary Tingerthal, who said the change would increase efficiency in the use of federal bond authority and could raise the number of funded housing projects from about 16 to 25 per year, bringing in roughly $120 million more annually for housing. Members discussed where the benefits would be felt statewide, including greater Minnesota and larger metro areas, and the author said the bill would help address shortages in affordable and senior housing. The committee took no final vote on the bill, instead laying it over. The committee next heard House File 3697 from Vice Chair Norris, which would change Minnesota’s tax refund claim timelines to better align with federal law and most other states. The author and a tax attorney testifier said the bill would reduce confusion and help taxpayers, especially vulnerable individuals who may overpay or be overassessed and then miss the current deadline to seek refunds. The Department of Revenue said it had no concerns with the language and did not oppose the bill, and the committee laid the bill over for possible inclusion in the 2026 tax bill. Finally, the committee began hearing House File 4738 from Representative Keeler, a Safe Harbor funding proposal for victims of sex trafficking and sexually exploited youth. The author described Safe Harbor as a statewide program serving youth across Minnesota and said the committee should consider creative funding options, but Chair Davids stated the proposed funding source would not work because it would take money from women’s sports scholarships. Testifiers from Lake House in Duluth and a former Safe Harbor youth described the program’s impact on homeless and trafficked youth, including shelter, mental health services, education, and transition to adulthood. The hearing continued with testimony, but no action was taken in the portion provided.

Transcript Highlights:

• Performance bond was still there.
• I mean, clearly cash bonds are, I would think out of the, out of the ordinary, but performance bonds,
• Um, so what, what's been your experience on performance bonds as opposed to cash bonds?
• up to a million dollars bond.
• bond for that purpose, you have to give that bond back that It may leave the problem that the bond was

Bills: HB206

Keywords: HB206, school district bonds, bond election, voter approval, Education Code, Chapter 45, Section 45.003, Section 45.0034, Texas schools, school finance, local tax election, bond referendum, school construction, capital improvements, election frequency, five-year waiting period, district bonds, public school funding

Bills: HB2

Keywords: capital outlay, budget, infrastructure, appropriation, general obligation bonds, 965, house, all

Bills: HB102, HB300, SB2255, HB102, HB300

Keywords: military education, early registration, ROTC, corps of cadets, higher education, military academy, scholarship, military, Texas Armed Services, military spouses, occupational licensing, state agency, license requirements, reciprocity, training and education, debt obligation, voter information, ballot, elections, transparency

Transcript Highlights:

• Representative Guillen relating to public utility agencies providing authority to issue bills. ...bonds

Bills: HB143, HB4530, HB4931, HB5559, HB5560

Keywords: election, bonds, authorization, financial governance, public funding, HB 143, bond election, debt authorization, November uniform election date, Texas Election Code, emergency election, voter approval, municipal bonds, local government finance, public debt, school bonds, special election, uniform election date, bond issuance, water rights

Transcript Highlights:

• Section 8 of Article 7 raises the State Agricultural Society's debt limit for state fair bonds from $30

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• Section 8 of article 7 raises the State Agricultural Society's debt limit for state fair bonds from $30
• agricultural society's debt limit for<00:23:18.400> state<00:23:18.640> fair<00:23:18.960> bonds
• from<00:23:19.600> 30<00:23:19.840> million<00:23:20.159> up for state fair bonds
• from 30 million up for state fair bonds from 30 million up to<00:23:20.559> 50<00:23:20.880><

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• So, this is a tax-exempt bonding bill.
• So, this is a tax-exempt bonding bill.
• . bonds. bonds.
• how private activity bonds are awarded. how private activity bonds are awarded.
• states for how these bonds get awarded. states for how these bonds get awarded.

Bills: HF4234, HF484, HF483, HF2614

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, natural gas, gas hookups, residential construction, energy policy, local control, state preemption