This bill proposes technical amendments to various provisions governed by the Minnesota Department of Commerce, focusing on updates to the Minnesota Statutes for 2024 and 2025. Key changes include the revision of definitions related to ethanol and biodiesel, with the definition of "Ethanol" now reflecting compliance with ASTM specification D4806. The bank charter application process has been modified to ensure that the probable volume of business supports the solvency of existing banks, while lenders are now required to register with the commissioner before offering student loans, with clarified registration processes and annual renewal requirements.

Additionally, the bill updates specifications for several fuel types to align with the latest ASTM standards, including changes to the definitions of "biodiesel fuel" to meet ASTM specification D6751, and revisions to specifications for gasoline, diesel fuel, and aviation fuels. It also clarifies that biodiesel from palm oil is only considered biodiesel if derived from waste oil and grease collected in the U.S. or Canada, and specifies that gasoline must not be blended with any oxygenate other than denatured, agriculturally derived ethanol after sale or transfer. These amendments aim to modernize regulatory language, enhance clarity, and ensure compliance with national standards in Minnesota's commerce sector.

Statutes affected:
Introduction: 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 239.761, 239.77, 296A.01