1.1.................... moves to amend H.F. No. 3678 as follows:
1.2Page 1, delete section 1 and insert:

1.5	Section 1. SUMMARY OF APPROPRIATIONS.

1.6The amounts shown in this section summarize direct appropriations, by fund, made
1.7in this article.

1.8			2010		2011		Total
1.9	General	$	0	$	(2,400,000)	$	(2,400,000)
1.10	Total	$	0	$	(2,400,000)	$	(2,400,000)

1.11	Sec. 2.APPROPRIATIONS.

1.12The sums shown in the columns marked "Appropriations" are added to or, if shown
1.13in parentheses, subtracted from the appropriations in Laws 2009, chapter 78, article 1,
1.14to the agencies and for the purposes specified in this article. The appropriations and
1.15subtractions are from the general fund or another named fund, and are available for the
1.16fiscal years indicated for each purpose. The figures "2010" and "2011" used in this
1.17article mean that the addition to or subtraction from the appropriation listed under them
1.18is available for the fiscal year ending June 30, 2010, or June 30, 2011, respectively.
1.19Supplemental appropriations and reductions to appropriations for the fiscal year ending
1.20June 30, 2010, are effective the day following final enactment.

1.21				APPROPRIATIONS
1.22				Available for the Year
1.23				Ending June 30
1.24					2010		2011

1.25

Sec. 3.Challenge Program

$

0

$

(2,400,000)

2.1This reduction is from the appropriation
2.2for the economic development and housing
2.3challenge program under Minnesota Statutes,
2.4section 462A.33.
2.5In fiscal year 2011, the Housing Finance
2.6Agency shall transfer $2,400,000 from
2.7the economic development and housing
2.8challenge program in the housing
2.9development fund, to the general fund.
2.10The base appropriation for the economic
2.11development and housing challenge program
2.12for fiscal years 2012 and 2013 is $6,993,000
2.13for each year.


2.16    Section 1. Minnesota Statutes 2008, section 462A.21, is amended by adding a
2.17subdivision to read:
2.18    Subd. 33. Challenge program bond account. The agency may establish a
2.19challenge program bond account as a separate account within the housing development
2.20fund. Proceeds of challenge program bonds under section 462A.40 may be credited to the
2.21account. Money in the account is appropriated to the agency for the purposes for which
2.22the bonds are authorized under section 462A.40. The agency may transfer the proceeds
2.23of challenge program housing bonds to another account within the housing development
2.24fund that it determines appropriate to accomplish the purposes for which the bonds are
2.25authorized under section 462A.40.
2.26EFFECTIVE DATE.This section is effective the day following final enactment."
2.27Page 2, after line 26, insert:
2.28"(d) In each fiscal year for fiscal years 2010 through 2023, $2,400,000, less the
2.29amount transferred by the commissioner of management and budget under paragraph (b)
2.30for that fiscal year, is appropriated to the agency from the general fund for the purposes of
2.31the economic development and housing challenge program under section 462A.33.
2.32(e) Annually by August 1, the agency shall submit a statement to the chairs and
2.33ranking minority members of the house of representatives and senate committees with
2.34jurisdiction over housing policy and finance, that identifies the amount of debt service
3.1as certified under paragraph (a), the transfer under paragraph (b), and the appropriation
3.2under paragraph (d). The statement may be submitted electronically, and is subject
3.3to section 3.195, subdivision 1."
3.4Renumber the sections in sequence and correct the internal references
3.5Amend the title accordingly