Bill

Bill > H3623


MA H3623

Relative to a green technology development fund


summary

Introduced
01/22/2019
In Committee
03/12/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to promote the development, growth, and adoption of clean energy. Telecommunications, Utilities and Energy.

AI Summary

This bill requires the Secretary of Housing and Economic Development and the Secretary of Energy and Environmental Affairs to jointly study and investigate the feasibility of establishing a "green technology development fund" to support the development, growth, and adoption of clean energy technology. The study would examine gaps in financing for clean energy, ways to provide financing opportunities, the amount of initial funding needed, mechanisms to attract additional capital and become self-sustainable, and best practices utilized by similar institutions. The secretaries are required to file a joint report with their findings by December 31, 2021.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (16)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/12/2020)

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