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MN HF5328
Bill
Status
4/8/2024
Primary Sponsor
Ginny Klevorn
Click for details
AI Summary
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Establishes a state building renewable energy, storage, and electric vehicle account in the special revenue fund managed by the commissioner of administration to fund renewable energy improvements, energy storage projects, electric vehicle purchases, and charging equipment at state buildings and facilities.
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Authorizes the commissioner to apply for and receive federal tax credits under sections 6417 and 6418 of the Internal Revenue Code (Inflation Reduction Act of 2022) for eligible state projects, with received funds deposited into the account and appropriated for authorized purposes.
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Directs treatment of federal payments received: renewable energy and electric vehicle charging projects funded by general obligation bonds may transfer payments to the state bond fund; fleet division electric vehicle purchases transfer to the motor pool revolving account; other agency purchases transfer to their respective funds.
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Modifies grant agreement definitions to exclude capital project grants otherwise subject to section 16A.642 from administrative cost minimization requirements, and adjusts 2023 appropriations for Government and Citizen Services programs.
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Changes motor vehicle lease sales tax revenue distribution effective July 1, 2024, by designating 13 percent to the "Minnesota state transportation special revenue fund" instead of previous language, for use in the local bridge program.
Legislative Description
State building renewable energy, storage, and electric vehicle account established; grant management agreement provision modified; 2023 appropriation provision modified; and motor vehicle lease sales tax revenue provision changed.
Last Action
Author added Kraft
4/11/2024