The proposed bill establishes building energy performance standards in Minnesota, mandating that certain buildings meet defined energy use and greenhouse gas emissions metrics. The commissioner is responsible for creating a program aimed at reducing energy consumption and emissions, with final performance standards to be established by January 1, 2026. The goal is to achieve a 30% reduction in energy use and a 90% reduction in greenhouse gas emissions by 2045. Buildings will be categorized, and interim performance standards will be set every five years starting in 2028. Building owners are required to report their progress and may seek extensions or exemptions under specific circumstances, such as financial distress or occupancy issues.

Additionally, the bill proposes the formation of a Building Performance Advisory Committee to guide the implementation of the standards and recommend exemption procedures. It outlines penalties for non-compliance and establishes a technical and financial assistance hub to aid building owners in meeting the standards. The bill also includes provisions for the administration of the program, requiring the commissioner to develop application and grant award procedures and to align program requirements with federal initiatives under the Inflation Reduction Act of 2022. An appropriation of funds from the general fund for fiscal year 2025 is included to support the program's administration and grant awards, with the effective date set for the day following final enactment.