Bill > SF1787

This bill establishes an air ventilation improvement and geothermal infrastructure financing program through the Minnesota Climate Innovative Finance Authority, designed to provide low-interest financing to school districts for upgrading air ventilation systems and installing geothermal energy systems. The program has several key priorities, including targeting schools in high-poverty communities (determined by federal Title I funding), ensuring equal funding distribution between metropolitan and non-metropolitan areas, reducing upfront project costs, and developing consumer protection standards. Eligible borrowers include independent school districts, special school districts, and cooperative units. The bill appropriates funding from two sources: the general fund and the renewable development account, with a total appropriation for fiscal year 2026 (specific dollar amounts are not specified in the bill text). Any funds not used for financing by June 30, 2027, will be cancelled and returned to their original funding accounts. The program aims to support school infrastructure improvements while prioritizing financial responsibility and equitable access to funding across different school districts.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1787&ssn=0&y=2025