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Panel clears bill to expand Minnesota Higher Education Facilities Authority to finance health projects
Summary
The Health Finance and Policy Committee re‑referred House File 1165 to the Higher Education Finance and Policy Committee. The bill would rename the Minnesota Higher Education Facilities Authority and expand its authority to issue tax‑exempt financing for nonprofit health and senior‑living projects.
The committee on March 21 re‑referred House File 1165, a bill that would rename the Minnesota Higher Education Facilities Authority (MHEFA) as the Minnesota Health and Education Facilities Authority and permit the agency to finance nonprofit health‑care and senior‑living projects in addition to higher‑education facilities.
Representative Barner introduced the bill and said MHEFA is a self‑funded state authority with a decades‑long history of issuing tax‑exempt bonds for…
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