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MS HB1181

Bill

Status

Failed

3/5/2013

Primary Sponsor

Angela Cockerham

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Reduces the minimum private capital investment requirement for eligible "projects" from $1 billion to $50 million and changes the project start date from April 17, 2009 to July 1, 2012.

  • Expands the Energy Infrastructure Revolving Loan Program to allow funds to assist energy-providing utilities and cooperatives in constructing, repairing, and improving infrastructure through contributions in aid of construction.

  • Allows private sector participation in loan funding and requires relevant parties to enter into an agreement stipulating terms and responsibilities before loan execution.

  • Extends the deadline for issuing bonds under the Energy Infrastructure Revolving Loan Program from July 1, 2013 to July 1, 2016, with a maximum bond issuance of $20 million.

  • Takes effect July 1, 2013.

Legislative Description

Energy Infrastructure Revolving Loan Fund; increase period allotted to issue bonds allocated for.

Last Action

Died In Committee

3/5/2013

Committee Referrals

Energy2/13/2013
Energy1/21/2013

Full Bill Text

No bill text available