HI HB957

Appropriates $46,400,000 from the Hawaii green infrastructure special fund for fiscal year 2017-2018 to finance energy-efficient lighting and other energy efficiency measures related to heat abatement at public schools.

Authorizes the Department of Education to borrow $46,400,000 interest-free from the Hawaii green infrastructure loan program, with terms and conditions to be agreed upon between the department and the Hawaii green infrastructure authority.

Amends section 196-65 of Hawaii Revised Statutes to permit green infrastructure loans to be used for installation costs of energy-efficient lighting and heat abatement measures at public schools.

Requires the Department of Education to repay the loan beginning in fiscal year 2017-2018 using general revenue savings generated from reduced utility costs resulting from the energy efficiency improvements.

Takes effect on July 1, 2017.