The bill amends Minnesota Statutes 2024, section 216C.441, subdivision 3, to clarify the use of funds provided to the Minnesota Climate Innovation Finance Authority. It outlines the general powers of the authority, which include hiring staff, entering into agreements with various entities, acquiring property, and conducting market analyses related to greenhouse gas emissions reduction financing.

A significant insertion in the bill specifies that any money received as a gift, grant, or interest in money or personal property must be deposited in a designated account under subdivision 11. This addition aims to ensure proper management and allocation of funds received by the authority for its activities.

Statutes affected:
Introduction: 216C.441