Bill

Bill > HF1598


MN HF1598

Air ventilation improvement and geothermal infrastructure for schools financing program established, and money appropriated.


summary

Introduced
02/26/2025
In Committee
02/26/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to energy; establishing an air ventilation improvement and geothermal infrastructure for schools financing program; appropriating money.

AI Summary

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.

Committee Categories

Agriculture and Natural Resources

Sponsors (3)

Last Action

Author added Rehrauer (on 04/07/2025)

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