HI HCR213

Requests the Department of Business, Economic Development, and Tourism and Department of Budget and Finance to establish a Task Force to study creation of a Clean Energy Bond Loan Program similar to Property Assessed Clean Energy (PACE) programs.

Task Force should study the feasibility of a Hawaii Clean Energy Bond Loan Revolving Fund funded by revenue bonds and loan repayments to provide low-interest loans to property owners for energy efficiency improvements and renewable energy systems.

Task Force must consider loan eligibility processes, interest rates, repayment terms, coordination with counties for property tax assessment collection, and whether property liens should be subordinate to mortgages.

Task Force membership includes representatives from state departments, all four counties, Blue Planet Foundation, Hawaii Solar Energy Association, and U.S. Green Building Council Hawaii Chapter.

Requires submission of Task Force findings and recommendations, including any proposed legislation, to the Legislature no later than twenty days before the 2013 Regular Session.