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MN SF2206

Bill

Status

Introduced

3/3/2014

Primary Sponsor

John Marty

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Origin

Senate

88th Legislature 2013-2014

AI Summary

  • 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.

  • 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.

  • 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."

  • Authorizes local governments implementing energy improvement programs to establish and use additional or alternative funding sources, including general obligation bonds under chapter 475.

  • 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

Committee Referrals

Environment and Energy3/3/2014

Full Bill Text

No bill text available