An Act establishing the Solar for Schools Grant Program; and providing for powers and duties of the Department of Community and Economic Development.

HB 1032 establishes a new grant program called Solar for Schools to fund solar energy projects at educational institutions. The bill also creates a legal framework requiring owners of solar facilities on leased land to provide financial guarantees that cover the cost of removing the equipment when it stops producing electricity. These financial assurances must remain in place even if the facility is sold to a new owner, ensuring that the original landowner is protected. Additionally, the legislation authorizes the Department of Community and Economic Development to manage these grants and outlines specific rules for solar agreements to prevent future cleanup costs from falling on property owners.