Bill > HF1598

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 for school districts to upgrade air ventilation systems and install geothermal energy systems. The program has several key priorities, including focusing on schools in high-poverty areas (as determined by federal Title I funding), ensuring an equal distribution of projects 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 amount not specified in the provided text. Any unspent funds by June 30, 2027, will be canceled and returned to their original accounts. The program aims to support school infrastructure improvements while addressing energy efficiency and environmental considerations, with a particular emphasis on serving economically disadvantaged communities and promoting equitable access to modern school facilities.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1598&ssn=0&y=2025