Minnesota Climate Innovation Finance Authority eliminated, and debt obligations transferred.
Introduction and first reading, referred to Energy Finance and Policy
Summary
This legislation eliminates the Minnesota Climate Innovation Finance Authority, the agency that funded clean‑energy and emissions‑reduction projects, and moves any debt it still owes after June 30 2026 to the commissioner of management and budget. The repeal of the authority’s enabling statute takes effect on July 1 2026, while the debt transfer becomes effective the day after the law is enacted. The change places the authority’s outstanding financial obligations under the state’s central budgeting authority.
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