ID S1024

Adds authority for the Idaho Energy Resources Authority to finance and refinance conservation measures, including loans and grants to consumers for insulation, weatherization, and energy efficiency improvements under the Pacific Northwest Electric Power Planning and Conservation Act.

Allows the authority to issue bonds to finance conservation measures and pledge payments from participating utilities (specifically federal agencies) as security for those bonds.

Clarifies that the authority is not a taxing district and cannot file for bankruptcy while bonds are outstanding or contracts with participating utilities are in effect.

Permits the authority to pledge and assign its interest in facilities to secure its obligation to convey title to participating utilities after all bonds are paid and obligations discharged.

Declares an emergency, making the act effective immediately upon passage and approval.