Purpose of the Bill

The purpose of the bill is to fund the Minnesota Green Iron Initiative, a project at the University of Minnesota's Natural Resources Research Institute. This initiative aims to advance efforts in industrial decarbonization through innovative methods and renewable energy resources.

Main Provisions

• The bill allocates $9 million for fiscal year 2026 and another $9 million for fiscal year 2027. These funds are drawn from the state's general fund.

• The appropriated money will be used by the University of Minnesota's Board of Regents to support the Minnesota Green Iron Initiative.

• The initiative focuses on decarbonizing industrial processes by utilizing hydrogen and renewable energy resources. It also emphasizes strong community engagement in these efforts.

Significant Changes

• This bill signifies a state financial commitment to industrial decarbonization efforts, focusing on renewable energy and hydrogen as key components.

Relevant Terms

Minnesota Green Iron Initiative, industrial decarbonization, University of Minnesota, Natural Resources Research Institute, hydrogen, renewable energy, fiscal year 2026 and 2027, community engagement, Board of Regents.