MN HF977

Establishes a state building energy conservation revolving loan fund to provide loans to state agencies for solar energy system installations in state-owned buildings.

Requires loan applicants to submit detailed information including project costs, energy savings calculations, budget details, and demonstration of the agency's repayment ability.

Sets loan terms at a maximum of 15 years with interest rates at one-half the rate the state pays for general obligation bonds, with principal and interest payments beginning within one year of project completion.

Appropriates $16,000,000 from bond proceeds to the commissioner of commerce to fund the loan program.

Authorizes the state to sell and issue up to $16,000,000 in bonds to provide the appropriated funds for the loan program.