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MN HF2603

Bill

Status

Introduced

3/3/2014

Primary Sponsor

Melissa Hortman

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Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Renames the "microenergy loan program" to the "community energy efficiency and renewable energy loan program" and expands eligible projects to include cost-effective energy efficiency improvements in industrial, commercial, public buildings, and health care facilities.

  • Increases the maximum loan term reduction from 10 years to 5 years minimum and adds $100,000,000 aggregate bonding authority with $20,000,000 reserved for small businesses and public buildings projects.

  • Prohibits local units of government from requiring industrial customers to disclose energy usage information as a condition of receiving loans or other aid under the program.

  • Increases permissible administrative expenses for the low-income home energy assistance program from 5 percent to 8 percent of the $20,000,000 appropriation.

  • Allows unspent balance from the low-income home energy assistance program appropriation (as of June 30, 2014) to be redirected to the weatherization assistance program.

Legislative Description

Community energy efficiency and renewable energy loan program modified, permissible administrative expenses modified for disbursement of supplemental low-income home energy assistance, and weatherization assistance program money appropriated.

Last Action

Second reading

4/3/2014

Committee Referrals

Ways and Means3/28/2014
Commerce and Consumer Protection Finance and Policy3/26/2014
Energy Policy3/6/2014
Commerce and Consumer Protection Finance and Policy3/3/2014

Full Bill Text

No bill text available