The bill establishes a new "state building renewable energy, storage, and electric vehicle account" within the special revenue fund to support state agencies in implementing renewable energy improvements, energy storage projects, and electric vehicle service equipment (EVSE) installations at state buildings. It outlines the definitions of key terms related to renewable energy and energy storage, and mandates that the commissioner manage the account. The bill also allows the commissioner to apply for federal funds and outlines the process for state agencies to apply for funding from this account. Additionally, it includes provisions for the treatment of federal payments received for eligible projects and specifies that funds in the account do not cancel and remain available until expended.

Furthermore, the bill modifies existing grant management provisions by clarifying the definition of grant agreements and specifying that certain sections do not apply to general obligation grants or capital project grants. It also amends the appropriation provisions for fiscal years 2026 and 2027, including a one-time appropriation for a study on an enterprise grants management system. Additionally, it revises the distribution of motor vehicle lease sales tax revenue, changing the allocation from the general fund to various transportation-related accounts. The effective dates for these provisions vary, with some being effective immediately upon enactment and others retroactively or on specified future dates.

Statutes affected:
Introduction: 16B.97, 16B.98, 297A.815