MO HB1931

Establishes the Missouri Alternative Energy Loan Authority as a governmental body to provide low-interest loans for renewable energy projects and energy efficiency improvements to local governments, municipalities, cooperatives, utilities, and residential, commercial, and agricultural property owners.

Creates the Missouri Alternative Energy Loan Authority Fund with an initial one-time appropriation of $15 million, funded by annual general assembly appropriations and eligible for gifts, grants, and bequests from federal, state, and private sources.

Defines eligible renewable energy sources as wind, solar, thermal, photovoltaic cells and panels, animal waste and by-products, dedicated energy crops, plant-based residues, and hydrogen fuel cells from renewable sources, with authority to define additional sources by rule.

Sets loan interest rates between one and two percentage points below the prime interest rate, with loan-to-cost ratios and amortization periods determined by authority regulations; prioritizes larger and more efficient renewable energy and energy efficiency projects.

Establishes a seven-member board appointed by the governor with senate consent, with no more than three members from the same political party, and assigns the authority to the Department of Natural Resources for oversight and annual reporting.