Minnesota Climate Innovation Finance Authority eliminated, and debt obligations transferred.

This bill eliminates the Minnesota Climate Innovation Finance Authority and transfers its remaining debt obligations to the commissioner of management and budget. The legislation repeals the existing statute that established the authority, which was previously tasked with funding clean energy and emissions reduction projects through grants and loans. All outstanding debt from the authority incurred under this law must be moved to the state budget office by June 30, 2026. The changes take effect immediately upon enactment, while the repeal of the authority's governing statute is scheduled to begin on July 1, 2026.