HF2925 Summary

• Amends Minnesota Statutes regarding the Public Facilities Authority to modify programs for water infrastructure funding, including wastewater and drinking water revolving funds.

• Expands uses of the clean water revolving fund to include principal forgiveness or grants for green infrastructure and environmentally innovative activities, with principal forgiveness capped at 25 percent of eligible project costs up to $1,000,000.

• Increases the amount of debt obligation authorized under section 446A.086, subdivision 11 from $500,000,000 to $1,000,000,000.

• Transfers employees from the Department of Employment and Economic Development to the Public Facilities Authority and protects transferred employees from job loss, salary reduction, or benefit reductions.

• Makes technical amendments to loan conditions, grant eligibility criteria, and administrative procedures for wastewater and drinking water infrastructure funding programs.