This bill proposes the establishment of an Air Ventilation Improvement and Geothermal Infrastructure for Schools Financing Program in Minnesota. The program, under the Minnesota Climate Innovative Finance Authority, will provide low-interest financing to school districts for air ventilation improvements and geothermal energy systems installation.

Key Provisions:

1. Priority Goals:

   • Focus on schools in high-poverty communities (determined by Title I funding).
   • Ensure an equal number of projects in and outside Minnesota’s seven-county metropolitan area.
   • Reduce the upfront and total costs of implementing these energy projects.
   • Develop consumer protection standards to ensure responsible financing.

2. Eligibility:

   • Borrowers must be independent school districts, special school districts, or cooperative school units as defined by Minnesota statutes.

3. Funding and Appropriations:

   • Money is appropriated from the general fund and the renewable development account for fiscal year 2026.
   • Any unused funds by June 30, 2027, will be returned to the original account.

This bill aims to improve school infrastructure by enhancing air ventilation and promoting clean geothermal energy while ensuring financial responsibility and equity in funding distribution.