HF 4374
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/16/2026 03:09 p.m.
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A bill for an act
relating to energy; clarifying the use of certain money provided to the Minnesota
Climate Innovation Finance Authority; amending Minnesota Statutes 2024, section
216C.441, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 216C.441, subdivision 3, is amended to read:
Subd. 3.
General powers.
(a) For the purpose of exercising the specific powers granted
in this section, the authority has the general powers granted in this subdivision.
(b) The authority may:
(1) hire an executive director and staff to conduct the authority's operations;
(2) sue and be sued;
(3) have a seal and alter the seal;
(4) acquire, hold, lease, manage, and dispose of real or personal property for the
authority's corporate purposes;
(5) enter into agreements, including cooperative financing agreements, contracts, or
other transactions, with a Tribal government, any federal or state agency, county, local unit
of government, regional development commission, person, domestic or foreign partnership,
corporation, association, or organization;
(6) acquire by purchase real property, or an interest therein, in the authority's own name
where acquisition is necessary or appropriate;
(7) provide general technical and consultative services related to the authority's purpose;
(8) promote research and development in matters related to the authority's purpose;
(9) conduct market analysis to determine where the market is underserved;
(10) analyze greenhouse gas emissions reduction project financing needs in the state
and recommend measures to alleviate any shortage of financing capacity;
(11) contract with any governmental or private agency or organization, legal counsel,
financial advisor, investment banker, or others to assist in the exercise of the authority's
powers;
(12) enter into agreements with qualified lenders or others insuring or guaranteeing to
the state the payment of qualified loans or other financing instruments; and
(13) accept on behalf of the state any gift, grant, or interest in money or personal property
tendered to the state for any purpose pertaining to the authority's activities.new text begin Money received
under this clause must be deposited in the account under subdivision 11.
new text end