Committee hears bill to expand MNCIFA financing tools as members probe loan risk Senate File 41 42 would clarify the Minnesota Climate Innovation Finance Authority's authority to receive and deploy loans and private capital; the authority said demand exceeds available capital and it would use loan‑loss reserves and due diligence, while members asked about interest‑rate mechanics and default risk. The bill was laid over.

Minnesota's push for clean energy financing is gaining momentum as a new bill aims to unlock private capital and address the staggering demand for climate projects.

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