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MN HF3205

Bill

Official Source

Status

Introduced

3/19/2014

Primary Sponsor

Jason Metsa

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Expands the microenergy loan program to include community energy efficiency projects for industrial, commercial, and public buildings
  • Adds cost-effective energy efficiency improvements as eligible projects alongside small-scale renewable energy systems
  • Increases the aggregate principal amount of bonds that may be outstanding from an unspecified amount to $100,000,000, with $20,000,000 reserved for microenergy projects
  • Reduces the minimum loan period from 10 years to 5 years when the commissioner determines a shorter period is necessary and feasible
  • Allows the commissioner of commerce to issue loans to units of local government, small businesses, and industrial or commercial businesses for energy efficiency projects and renewable energy installations

Legislative Description

Microenergy loan program modified to include community energy projects.

Last Action

Authors added Hansen, Isaacson, and Bly

3/24/2014

Committee Referrals

Energy Policy3/19/2014

Full Bill Text

No bill text available