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> Concerning The Renewable Energy And Energy Efficiency For Schools Loan Program
Energy:
Concerning The Renewable Energy And Energy Efficiency For Schools Loan Program
Our Position: support
Bill Number: HB 1312
Sponsor: Rep. Kerr/ Sen. Schwartz and Sen. Romer
Legislative Session: 2009
Creates the renewable energy and energy efficiency for schools loan program (loan program) to fund renewable energy projects and battery-powered and hybrid-electric bus projects in qualified school districts. Makes administration of the loan program a permissible use of moneys appropriated from the public school energy efficiency fund. Extends the repeal date associated with the public school energy efficiency fund.
Requires the governor's energy office (office) to administer the loan program. Requires the state board of education, in consultation with the office, to promulgate rules establishing policies and procedures for the administration of the program. Requires the office to review each loan application, evaluate each project associated with a loan application, and make recommendations to the state treasurer as to whether to award a loan and the amount of the loan.
Creates the renewable energy and energy efficiency for schools loan program administration fund (fund) in the state treasury. Specifies that the moneys in the fund shall be used to pay for costs incurred by the office in administering the program but shall not be included in any loan made to a qualified school district.
Authorizes the state treasurer to make loans and determine the interest rates and repayment terms of loans under the program. Authorizes the state treasurer to withhold amounts from a school district's payments of the state's share of the school district's total program received in accordance with the "Public School Finance Act of 1994" in the event that the school district fails to make timely payments against a loan received from the program.
Allows a qualified school district that receives a loan from the loan program for a renewable energy project to use the moneys received to finance the acquisition of a renewable energy project. Requires a qualified school district that receives a loan from the loan program for a renewable energy project to contact its local electrical utility and allow the utility, at the discretion of the utility, to place a representative of the utility on the school district's renewable energy project team.
Status
03/12/2009 Introduced In House - Assigned to Education
03/30/2009 House Committee on Education Refer Amended to House Committee of the Whole
04/02/2009 House Second Reading Passed with Amendments
04/03/2009 House Third Reading Passed
04/09/2009 Introduced In Senate - Assigned to Education + Appropriations
04/16/2009 Senate Committee on Education Refer Amended to Appropriations
04/24/2009 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
04/28/2009 Senate Second Reading Passed with Amendments
04/29/2009 Senate Third Reading Passed with Amendments
05/01/2009 House Considered Senate Amendments - Result was to Laid Over Daily
05/04/2009 House Considered Senate Amendments - Result was to Concur - Repass
05/11/2009 Signed by the President of the Senate
05/11/2009 Signed by the Speaker of the House
05/11/2009 Sent to the Governor
05/15/2009 Governor Action - Signed
More information
Please see the bill text for the exact language.
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