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MS HB1181
Bill
Status
3/5/2013
Primary Sponsor
Angela Cockerham
Click for details
AI Summary
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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.
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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.
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Allows private sector participation in loan funding and requires relevant parties to enter into an agreement stipulating terms and responsibilities before loan execution.
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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.
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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