HB 6069 Summary

• Creates the weatherization, heating, and energy efficiency loans for schools fund within the state treasury to provide grants and loans to school districts for energy efficiency and conservation projects.

• Authorizes fund expenditures for weatherizing school buildings, retrofitting school buses with alternative fuels or high-efficiency engines, replacing buses with alternative fuel or hybrid models, and reducing loan repayment burdens on school districts.

• Establishes that loans must be repaid annually in amounts not exceeding the annual energy or cost savings realized by the school district from the financed project.

• Requires the Department of Licensing and Regulatory Affairs to develop an application process by June 1, 2017, and to submit annual reports to the legislature beginning December 1, 2017, detailing all projects financed and loan status.

• Directs the director to consider factors including project comprehensiveness, matching funds, cost savings, job creation, and applicant solvency when evaluating funding applications.