summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to creating a green bank to evaluate and coordinate financing for energy improvements and energy technologies throughout the Commonwealth. Telecommunications, Utilities and Energy.
AI Summary
This bill aims to create the Massachusetts Green Energy Development Bank, a public instrumentality that will promote clean energy in the Commonwealth. The bank will evaluate and coordinate financing for energy improvements and technologies, provide various forms of financing support, facilitate long-term energy purchasing, develop underwriting standards, and work to eliminate the use of fossil fuels. The bank will be governed by the Massachusetts Green Energy Finance Board, comprised of 7 members appointed by the governor. The bank will have the power to issue bonds and notes to finance qualifying energy projects, and will establish a comprehensive application process for energy improvement and technology plans. The bill also allows the board to adopt regulations to implement the chapter.
Committee Categories
Transportation and Infrastructure
Sponsors (15)
Brian Ashe (D),
John Barrett (D),
Natalie Blais (D),
Jo Comerford (D),
Mike Connolly (D),
Mindy Domb (D),
Denise Garlick (D),
Carlos González (D),
Sheila Harrington (R),
Jonathan Hecht (D),
Paul Mark (D),
Dave Rogers (D),
Lindsay Sabadosa (D),
José Tosado (D),
Susannah Whipps (I),
Last Action
Accompanied a study order, see H4405 (on 02/10/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2894 |
| Bill | https://malegislature.gov/Bills/191/H2894.pdf |
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