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MN SF2206
Bill
Status
3/3/2014
Primary Sponsor
John Marty
Click for details
AI Summary
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Extends the maximum term of lease purchase agreements for utility cost-savings measures from 15 years to 25 years from the date of final installation.
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Extends the payment deadline for qualified on-farm biogas recovery facilities from December 31, 2015 to December 31, 2017 under the renewable energy production incentive program.
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Increases the principal amount limit for energy improvement financing from 10 percent to 20 percent of assessed property value, and changes "weighted average maturity" to "cost-weighted average maturity."
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Authorizes local governments implementing energy improvement programs to establish and use additional or alternative funding sources, including general obligation bonds under chapter 475.
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Repeals Minnesota Rules governing weatherization assistance programs (parts 3300.0800-3300.1900), energy conservation loan programs (parts 7607.0100-7607.0180), and cooling systems replacement criteria (parts 7685.0100-7685.0140).
Legislative Description
Renewable energy production incentive payment deadline extension; guaranteed energy-savings program conforming change; energy improvements program for local governments modifications
Last Action
Second reading
3/10/2014