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CO HB1222

Bill

Official Source

Status

Passed

5/30/2014

Primary Sponsor

Michael McLachlan

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Reduces minimum bond issuance for geothermal energy projects to $500,000, compared to $1 million for other eligible clean energy projects.

  • Extends maximum repayment term for geothermal energy projects to 15 years, compared to 10 years for other eligible clean energy projects.

  • Allows bond repayment schedules for geothermal projects only to be correlated with project revenue streams, provided annual payments do not exceed 75% of estimated project revenues.

  • Modifies Colorado Revised Statutes 30-20-1203 to provide more favorable financing terms specifically for geothermal energy development on applicant property.

Legislative Description

Clean Energy Project Private Activity Bonds

Last Action

Governor Signed

5/30/2014

Committee Referrals

Agriculture, Natural Resources, & Energy2/26/2014
Transportation and Energy1/30/2014

Full Bill Text

No bill text available