Minnesota Climate Innovation Financing Authority gains new financing mechanisms and duties.

The bill provides additional financing mechanisms to support the Minnesota Climate Innovation Financing Authority. It allows the authority to borrow money, enter agreements with lenders, sell notes, and accept gifts or grants. The authority can also expend funds for start-up purposes and require projects to implement a Loan Programs Office. The authority must serve as a financial resource for qualified projects, ensure greenhouse gas emission reductions, and prioritize private investment. It must also coordinate with other programs, stimulate demand for projects, and conduct market analysis.

Minnesota Climate Innovation Financing Authority gains new financing mechanisms and duties.

The bill provides additional financing mechanisms to support the Minnesota Climate Innovation Financing Authority. It allows the authority to borrow money, enter agreements with lenders, sell notes, and accept gifts or grants. The authority can also expend funds for start-up purposes and require projects to implement a Loan Programs Office. The authority must serve as a financial resource for qualified projects, ensure greenhouse gas emission reductions, and prioritize private investment. It must also coordinate with other programs, stimulate demand for projects, and conduct market analysis.