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DE HB161

Bill

Official Source

Status

Passed

7/21/2023

Primary Sponsor

William Bush

Click for details

Origin

House of Representatives

152nd General Assembly

AI Summary

  • Increases the maximum grant funding cap from the Energy Efficiency Investment Fund from 30% to 60% of proposed project costs
  • The Energy Efficiency Investment Fund supports investments in energy efficiency by consumers or users of gas or electricity subject to public utility tax
  • Fund provides competitive grants, low-interest loans, and financing support for projects that reduce energy consumption
  • Projects receiving Fund support cannot also receive funding from the Green Energy Fund or the Strategic Fund
  • The Department of Natural Resources and Environmental Control administers the Fund and may retain up to 4% for administrative expenses

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To The Energy Efficiency Investment Fund.

Last Action

Signed by Governor

7/21/2023

Committee Referrals

Banking, Business, Insurance & Technology6/15/2023
Natural Resources & Energy5/16/2023

Full Bill Text

No bill text available