The bill proposes the appropriation of funds from the general fund to the Minnesota commissioner of agriculture for biofuel financial assistance. Specifically, it allocates a certain amount for fiscal years 2026 and 2027 to provide grants aimed at enabling retail petroleum dispensers and related equipment to dispense biofuels in alignment with established biofuel replacement goals. Eligible retail petroleum dispensers must have no more than ten dispensing sites in Minnesota and must upgrade their equipment to be certified for E25. The grants will cover up to 65 percent of the costs, with a maximum award of $200,000 per station.
Additionally, the bill mandates that the commissioner collaborate with biofuel stakeholders to implement the grant program and submit an annual report by January 15 to relevant legislative committees. This report will detail various metrics, including the number and types of projects financed, financial leverage per project, geographic distribution, market expansion, demographics of served areas, program costs, and the number of grants awarded to minority-owned or female-owned businesses.