1.1 	A bill for an act
1.2 	relating to taxation; property; dedicating a portion of local government aid to cities 
1.3 	for pre-1940 housing improvements;amending Minnesota Statutes 2022, section 
1.4 	477A.013, by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2022, section 477A.013, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 15.Dedicated use of pre-1940 housing aid. (a) A city receiving aid under 
1.9 	subdivision 9 in any year must dedicate an amount of aid equal to the city's pre-1940 housing 
1.10 	percentage under section 477A.011, subdivision 30, multiplied by its city formula aid amount 
1.11 	to fund urban renewal projects on pre-1940 housing, including but not limited to updating 
1.12 	utilities and infrastructure and updating or improving wiring, plumbing, insulation, heating, 
1.13 	cooling, or efficiency systems. The aid may be used directly for the purposes under this 
1.14 	paragraph or as a combination of grants or low interest loans to property owners.
1.15 	(b) If the amount calculated under this subdivision is less than $100, the minimum 
1.16 	dedication amount of aid for these programs is zero. The amount of aid going to housing 
1.17 	programs under this subdivision is in addition to any other money from grants, fees, or other 
1.18 	sources that are dedicated to housing programs.

1.19 	EFFECTIVE DATE. This section is effective for aids payable in calendar year 2024 
1.20 	and thereafter.