SF4450

Purpose

This bill aims to move money within Minnesota’s energy programs. It makes a one-time transfer of $4,000,000 in fiscal year 2027 from the Renewable Development Account to the Preweatherization Account to support energy efficiency efforts.

Main Provisions

• Section 1: Notwithstanding Minnesota Statutes §116C.779, subd. 1, paragraph j, $4,000,000 in fiscal year 2027 is transferred from the Renewable Development Account to the Preweatherization Account under Minnesota Statutes §216C.264, subd. 1c. This is a one-time transfer.

What this changes in the law

• Overrides the normal rules for this year only, allowing funds to shift from one energy program account (Renewable Development Account) to another (Preweatherization Account).
• The transfer is explicitly described as a one-time action for fiscal year 2027.

Fiscal and Practical Impact

• Finances: A single $4,000,000 transfer from the Renewable Development Account to the Preweatherization Account in FY2027.
• Program implications: The Preweatherization Account gains additional funding for that year, while the Renewable Development Account has reduced funds for FY2027.

Who/What is affected

• Energy program funding streams and the specific programs that rely on the Preweatherization Account and Renewable Development Account.

Summary of Key Terms (for quick reference)

• one-time transfer
• $4,000,000
• fiscal year 2027
• Renewable Development Account
• Preweatherization Account
• Minnesota Statutes §116C.779, subd. 1, paragraph j
• Minnesota Statutes §216C.264, subd. 1c
• Notwithstanding

Relevant Terms - one-time transfer - preweatherization - renewable development account - renewable energy funds - preweatherization account - fiscal year 2027 - Notwithstanding - Minnesota Statutes references (116C.779.1.j and 216C.264.1c)