HI HB1508

Creates a $50,000,000 revolving line of credit sub-fund within the Hawaii green infrastructure special fund for state agencies to finance energy-efficiency measures beginning in fiscal year 2018-2019.

Authorizes state agencies to obtain low-cost financing at 3.5 percent annual interest from the green infrastructure loan program to install energy-efficiency measures, with approval from the governor.

Requires state agencies to consult with the public benefits fee administrator and meet enhanced efficiency levels before implementing energy-efficiency projects to be eligible for financing.

Mandates repayment of loans using general revenue savings from reduced utility costs resulting from energy-efficiency implementations, beginning in fiscal year 2018-2019.

Appropriates $50,000,000 from the Hawaii green infrastructure special fund for fiscal year 2018-2019 to finance installation costs for energy-efficient lighting and other energy-efficiency measures for state agencies.