reglab/housing_qa huggingface dataset:
MN Stat § 462A.041 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.041 — Meetings By Telephone Or Other Electronic Means.

462A.041 MEETINGS BY TELEPHONE OR OTHER ELECTRONIC MEANS. (a) Notwithstanding sections 13D.01 and 13D.02, the Housing Finance Agency may conduct a meeting of its members by telephone or other electronic means so long as the following conditions are met: (1) all members of the agency participating in the meeting, wherever their physical location, can hear one another and can hear all discussion and testimony; (2) members of the public present at the regular meeting location of the agency can hear all discussion and testimony and all votes of members of the agency; (3) at least one member of the agency, the commissioner, the deputy commissioner, or an attorney for the agency is physically present at the regular meeting location; and (4) all votes are conducted by roll call, so each member's vote on each issue can be identified and recorded. (b) Each member of the agency participating in a meeting by electronic means is considered present at the meeting for purposes of determining a quorum and participating in all proceedings. (c) If telephone or another electronic means is used to conduct a meeting, the agency to the extent practical, shall allow a person to monitor the meeting electronically from a remote location. The agency may require the person making such a connection to pay for documented marginal costs that the agency incurs as a result of the additional connection. (d) If telephone or another electronic means is used to conduct a regular, special, or emergency meeting, the agency shall provide notice of the regular meeting location, of the fact that some members may participate by electronic means, and of the provisions of paragraph (c). The timing and method of providing notice is governed by section 13D.04. History:   1997 c 154 s 4
MN Stat § 462A.057 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.057 — Minnesota Urban And Rural Homesteading Program.

462A.057 MINNESOTA URBAN AND RURAL HOMESTEADING PROGRAM. Subdivision 1. Establishment; purpose. The agency may establish the Minnesota urban and rural homesteading program for the purpose of making grants or loans to eligible applicants to acquire, rehabilitate, demolish or remove existing structures and construct new housing, and sell single family residential properties to home buyers committed to strengthening the neighborhood and following a good neighbor policy. If the grant or loan is used for demolition or removal of existing structures, the cleared land must be used for construction of housing owned by persons who meet the income limits of this program and the demolition and new construction must be less expensive than acquisition and rehabilitation. Subd. 2.  [Repealed, 1992 c 522 s 48] Subd. 3.  [Repealed, 1992 c 522 s 48] Subd. 4.  [Repealed, 1992 c 522 s 48] Subd. 5.  [Repealed, 1992 c 522 s 48] Subd. 6.  [Repealed, 1992 c 522 s 48] Subd. 7.  [Repealed, 1992 c 522 s 48] Subd. 8.  [Repealed, 1992 c 522 s 48] Subd. 9.  [Repealed, 1992 c 522 s 48] Subd. 10.  [Repealed, 1992 c 522 s 48] History:  1989 c 328 art 1 s 8; 1990 c 429 s 4; 1990 c 532 s 1; 1993 c 369 s 136; 2003 c 61 s 2
MN Stat § 462A.065 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.065 — Financial Information.

462A.065 FINANCIAL INFORMATION. Financial information, including but not limited to credit reports, financial statements and net worth calculations, received or prepared by the agency regarding any agency loan or grant and the name of each individual who is the recipient of an agency grant are private data on individuals, pursuant to section 13.02, subdivision 12. History:  1977 c 401 s 9; 1981 c 311 s 39; 1982 c 545 s 24
MN Stat § 462A.09 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.09 — Bonds And Notes; Resolutions Authorizing, Additional Terms, Sale.

462A.09 BONDS AND NOTES; RESOLUTIONS AUTHORIZING, ADDITIONAL TERMS, SALE. The notes and bonds of the agency shall be authorized by a resolution or resolutions adopted by the agency, shall bear such date or dates, shall mature at such time or times, shall bear interest at such rate or rates, be in such denominations, be in such form, carry such registration privileges, be executed in such manner, be payable in lawful money of the United States of America, at such place or places within or without the state, and be subject to such terms of redemption prior to maturity as such resolutions or certificates may provide. If, for any reason, whether existing at the date of issue of any bonds or notes or at the date of making or purchasing any loan or securities from the proceeds or thereafter, the interest on any bonds or notes shall be or become subject to federal income taxation, this shall not impair or affect the validity or the provisions made for the security of the bonds or notes. The agency may make such covenants and take or cause to be taken such actions as are in its judgment necessary or desirable to comply with conditions established by federal law or regulations for the exemption of interest on its obligations. The agency may refrain from compliance with such conditions if in its judgment this would serve the purposes and policies set forth in this chapter with respect to any particular issue of bonds or notes, unless this would violate covenants made by the agency. No note shall mature more than ten years from its date or from the date of any note refunded thereby. The maximum maturity of any bond, whether or not issued for the purpose of refunding, shall be 50 years from its date. The notes and bonds of the agency may be sold at public or private sale, at such price or prices as the agency shall determine; provided that (i) the aggregate price at which an issue of notes or bonds is initially offered by underwriters to investors, as set forth in the agency's official statement with respect to the offering, shall not exceed by more than three percent the aggregate price paid by the underwriters to the agency at the time of delivery; (ii) the commission paid by the agency to an underwriter or agent for placing an issue of notes or bonds with investors shall not exceed three percent of the aggregate price at which the issue is offered to investors as set forth in the agency's offering statement; and (iii) the spread or commission shall be an amount determined by the agency to be reasonable in the light of the risk assumed and the expenses of issuance, if any, required to be paid by the underwriters or agent. History:  1971 c 702 s 9; 1973 c 515 s 26; 1977 c 401 s 13; 1979 c 327 s 6; 1980 c 607 art 14 s 45 subd 1; 1983 c 185 s 8
MN Stat § 462A.10 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.10 — Bonds And Notes; Optional Resolution And Contract Provisions.

462A.10 BONDS AND NOTES; OPTIONAL RESOLUTION AND CONTRACT PROVISIONS. Subdivision 1. Resolution terms part of contract. Any resolution authorizing any notes or bonds or any issue thereof may contain provisions, which shall be a part of the contract with the holders thereof, as to the matters referred to in this section. Subd. 2. Liens. It may pledge or create a lien on all or any part of the moneys or property of the agency and any moneys held in trust or otherwise by others to secure the payment of the notes or bonds or of any issue thereof, subject to such agreements with bondholders or noteholders as may then exist. Subd. 3. Treatment of agency money. It may provide for the custody, collection, securing, investment, and payment of any moneys of the agency. Subd. 4. Reserves; sinking funds. It may set aside reserves or sinking funds and provide for the regulation and disposition thereof and may create other special funds into which any moneys of the agency may be deposited. Subd. 5. Limit application of sale proceeds; repayment pledge. It may limit the loans and securities to which the proceeds of sale of notes or bonds may be applied and may pledge repayments thereon to secure the payment of the notes or bonds or of any issue thereof. Subd. 6. Limit more notes, bonds. It may limit the issuance of additional notes or bonds, the terms upon which additional notes or bonds may be issued and secured, and the refunding of outstanding or other notes or bonds. Subd. 7. Amendment, consent procedure. It may prescribe the procedure, if any, by which the terms of any contract with noteholders or bondholders may be amended or abrogated, the amount of notes or bonds the holders of which must consent thereto, and the manner in which such consent may be given. Subd. 8. Trustee vesting. It may vest in a trustee or trustees such property, rights, powers and duties in trust as the agency may determine, which may include any or all of the rights, powers and duties of the bondholders, or may limit the rights, powers and duties of such trustee. Subd. 9. Default and the like. It may define the acts or omissions to act which shall constitute a default in the obligations and duties of the agency and may provide for the rights and remedies of the holders of bonds or notes in the event of such default, and provide any other matters of like or different character, consistent with the general laws of the state and other provisions of this chapter, which in any way affect the security or protection of the notes or bonds and the rights of the holders thereof. Subd. 10. Deferral of issuance and delivery. It may provide that the agency may defer the issuance and delivery of the bonds to the underwriters to a designated future date when the proceeds of the bonds are required for one or more of the purposes specified in section 462A.08. History:  1971 c 702 s 10; 1973 c 515 s 27-31; 1994 c 586 s 5
MN Stat § 462A.105 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.105 — Interest Rate Exchanges.

462A.105 INTEREST RATE EXCHANGES. The agency may enter into an agreement with a third party for an exchange of interest rates under this section. With respect to bonds or notes outstanding or proposed to be issued bearing interest at a variable rate, the agency may agree to pay sums equal to interest at a fixed rate or at a different variable rate determined in accordance with a formula set out in the agreement on an amount not exceeding the outstanding principal amount of the bonds or notes at the time of payment, in exchange for an agreement by the third party to pay sums equal to interest on a like amount at a variable rate determined according to a formula set out in the agreement. With respect to bonds or notes outstanding or proposed to be issued bearing interest at a fixed rate or rates, the agency may agree to pay sums equal to interest at a variable rate determined according to a formula set out in the agreement on an amount not exceeding the outstanding principal amount of the bonds or notes at the time of payment in exchange for an agreement by the third party to pay sums equal to interest on a like amount at a fixed rate or rates set out in the agreement. Subject to any applicable covenants of the agency, payments required to be made by the agency under the swap agreement, including termination payments, may be made from amounts pledged or available to pay debt service on the bonds or notes with respect to which the swap agreement was made or from any other available source of the agency. The agency may issue bonds or notes to provide for any payment, including a termination payment, due or to become due under a swap agreement. History:   2000 c 424 s 1
MN Stat § 462A.11 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.11 — Pledges.

462A.11 PLEDGES. Any pledge made by the agency shall be valid and binding from the time when the pledge is made, the moneys or property so pledged and thereafter received by the agency shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the agency, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded. History:   1971 c 702 s 11
MN Stat § 462A.12 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.12 — Bonds And Notes; Nonliability Of Individuals.

462A.12 BONDS AND NOTES; NONLIABILITY OF INDIVIDUALS. Neither the members of the agency nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof. History:   1971 c 702 s 12
MN Stat § 462A.13 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.13 — Bonds And Notes; Purchase By Agency.

462A.13 BONDS AND NOTES; PURCHASE BY AGENCY. The agency, subject to such agreements with noteholders or bondholders as may then exist, shall have power out of any funds available therefor to purchase notes or bonds of the agency, either at initial issuance or at a subsequent date, for cancellation or as an investment of funds of the agency until required for its authorized purposes. If so purchased, the notes or bonds shall be purchased at a price not exceeding (a) if the notes or bonds are then redeemable, the redemption price then applicable plus accrued interest to the purchase date, or (b) if the notes or bonds are not redeemable, the redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to redemption plus accrued interest to the purchase date. History:  1971 c 702 s 13; 1997 c 200 art 4 s 10
MN Stat § 462A.14 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.14 — Bonds And Notes; Nonliability Of State.

462A.14 BONDS AND NOTES; NONLIABILITY OF STATE. The state of Minnesota shall not be liable on notes or bonds of the agency and such notes and bonds shall not be a debt of the state. The notes and bonds shall contain on the face thereof, a statement to such effect. History:   1971 c 702 s 14
MN Stat § 462A.15 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.15 — State Pledge Against Impairment Of Contracts.

462A.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS. The state pledges and agrees with the holders of any notes or bonds issued under this chapter, that the state will not limit or alter the rights vested in the agency to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of the holders until the notes or bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds. History:  1971 c 702 s 15; 1Sp2001 c 4 art 4 s 17
MN Stat § 462A.16 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.16 — Default In Payments; Appointment Of Trustee.

462A.16 DEFAULT IN PAYMENTS; APPOINTMENT OF TRUSTEE. If the agency defaults in the payment of principal or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default continues for a period of 30 days, or if the agency fails or refuses to comply with the provisions of this chapter, or defaults in any agreement made with the holders of any issue of notes or bonds, the holders of 25 percent in aggregate principal amount of the notes or bonds of such issue then outstanding may appoint a trustee to represent the holders of such notes or bonds for the purposes set forth in section 462A.17, unless the notes or bonds are issued under an indenture made and entered into by the agency with a designated trustee. History:  1971 c 702 s 16; 1973 c 515 s 32
MN Stat § 462A.17 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.17 — Powers And Duties Of Trustee.

462A.17 POWERS AND DUTIES OF TRUSTEE. Subdivision 1. Specific list. The trustee designated in any indenture or resolution securing an issue of notes or bonds, or a trustee appointed pursuant to section 462A.16, may, and upon written request of the holders of 25 percent in principal amount of such notes or bonds then outstanding shall, in the trustee's own name, subject to the provisions of such indenture or resolution: (1) enforce all rights of the noteholders or bondholders, including the right to require the agency to collect fees and charges and interest and payments on eligible loans and mortgages made and eligible securities purchased by it adequate to carry out any agreement as to, or pledge of, such fees and charges and payments and to require the agency to carry out any other agreements with the holders of such notes or bonds and to perform its duties under this chapter; (2) bring suit upon such notes or bonds; (3) require the agency to account as if it were the trustee of any express trust for the holders of such notes or bonds; (4) enjoin any acts or things which may be unlawful or in violation of the rights of holders of such notes or bonds; or (5) declare all such notes or bonds due and payable, and if all defaults shall be made good, then, with the consent of the holders of 25 percent of the principal amount of such notes or bonds then outstanding, the trustee may annul such declaration and consequences. Subd. 2. Other necessary or appropriate powers. In addition to the powers specifically granted herein, the trustee shall have and possess all of the powers necessary or appropriate for the exercise of any functions specifically set forth herein or incident to the general representation of bondholders or noteholders in the enforcement and protection of their rights. Subd. 3. Ramsey County venue; notice of principal due. The venue of any action or proceedings brought by the trustees under this chapter, shall be in Ramsey County. Before declaring the principal of notes or bonds due and payable, the trustee shall first give 30 days' notice in writing to the governor, to the agency, and to the commissioner of management and budget. History:  1971 c 702 s 17; 1973 c 35 s 76; 1973 c 501 s 16; 1973 c 515 s 33; 1986 c 444; 1Sp2001 c 4 art 4 s 18; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109
MN Stat § 462A.18 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.18 — Moneys Of Agency.

462A.18 MONEYS OF AGENCY. Subdivision 1. Functions of commissioner of management and budget. All moneys of the agency, except as otherwise authorized or provided in this section, shall be paid to the commissioner of management and budget as agent of the agency, who shall not commingle such moneys with any other moneys. The moneys in such accounts shall be paid out by the commissioner on requisition of the chair of the agency or of such other officer or employee as the agency shall authorize to make such requisition. All deposits of such moneys shall, if required by the commissioner or the agency, be secured by obligations of the United States or of the state of a market value equal at all times to the amount of the deposit and all banks and trust companies are authorized to give such security for such deposits. Subd. 2. Contracts and security. Notwithstanding the provisions of this section, the agency shall have power to contract with the holders of any of its notes or bonds, as to the custody, collection, securing, investment, and payment of any money of the agency, or any money held in trust or otherwise for the payment of notes or bonds, and to carry out such contract. Money held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of such money may be secured in the same manner as money of the agency, and all banks and trust companies are authorized to give such security for such deposits. All money so paid to the commissioner of management and budget as agent of the agency, from whatever source, is appropriated to the agency. The agency's notes and bonds are not subject to sections 16C.03, subdivision 4, and 16C.05. Subd. 3. System of accounts. Subject to agreements with noteholders and bondholders, the commissioner of management and budget shall prescribe a system of accounts. History:  1971 c 702 s 18; 1973 c 492 s 14; 1973 c 515 s 34; 1986 c 444; 1987 c 350 s 11; 1998 c 386 art 2 s 92; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109; 1Sp2019 c 10 art 3 s 38
MN Stat § 462A.19 (2021)
2021 Minnesota Statutes|Chapters 460 - 463 — Local Government Police Powers|Chapter 462A — Housing Finance Agency|Section 462A.19 — Exemption From Taxes.

462A.19 EXEMPTION FROM TAXES. Subdivision 1. Property exempt from taxation. The property of the agency and its income and operation shall be exempt from all taxation by the state or any of its political subdivisions. Subd. 2.  [Repealed, 1983 c 213 s 25] History:  1971 c 702 s 19; 1983 c 213 s 19