Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate hears proposal to fund Green Bank revolving loans for geothermal and HVAC upgrades in schools
Summary
Senate File 1787 would fund a revolving loan program through the state green bank (MNCIFA) to help school districts install geothermal and modern HVAC systems; the committee adopted an oral amendment inserting $10 million figures and laid the bill over for possible inclusion.
Senate File 1787, presented March 5 to the Senate Energy Committee, would provide funding for the state green bank (MNCIFA) to create a revolving loan fund to help Minnesota school districts install modern HVAC systems and geothermal heating and cooling. The sponsor and testifiers said the program would use limited public dollars to crowd in private capital, support direct‑pay tax credit monetization and recycle funds as loans are repaid.
Sponsor and amendments: Vice‑Chair / Senator Jeong offered an A1 amendment (adopted), and an oral amendment was adopted to insert $10,000,000 on two lines of the bill; counsel read the oral amendment into the record. Testifiers said the inserted $10 million figures would be…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
