Bill
Bill > HB1248
summary
Introduced
02/15/2023
02/15/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
04/10/2023
04/10/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Green and Renewable Energy for Nonprofit Organizations Loan Program and Fund FOR the purpose of establishing the Green and Renewable Energy for Nonprofit Organizations Loan Program in the Maryland Energy Administration to provide financial assistance to nonprofit organizations for the purchase and installation of qualifying energy systems and technical assistance for the planning and installation of qualifying energy systems; establishing the Green and Renewable Energy for Nonprofit Organizations Loan Fund as a special, nonlapsing fund; requiring interest earnings of the Fund to be paid into the Fund; requiring the Administration, on or before a certain date, to establish an application process, set guidelines and considerations for application, selection, and repayment for loans made under the Program, and develop an advertising campaign for the Program; and generally relating to the Green and Renewable Energy for Nonprofit Organizations Loan Program and Fund. BY adding to Article - State Government Section 9-2101 through 9-2107 to be under the new subtitle “Subtitle 21. Green and Renewable Energy for Nonprofit Organizations Loan Program” Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY repealing and reenacting, without amendments, Article - State Finance and Procurement Section 6-226(a)(2)(i) Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article - State Finance and Procurement HOUSE BILL 1248 Section 6-226(a)(2)(ii)170. and 171. Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY adding to Article - State Finance and Procurement Section 6-226(a)(2)(ii)172. Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement)
AI Summary
This bill establishes the Green and Renewable Energy for Nonprofit Organizations Loan Program in the Maryland Energy Administration to provide no-interest loans to nonprofit organizations for the purchase and installation of qualifying energy systems, such as those that generate electricity or usable thermal energy for onsite use and assist the state in meeting environmental and greenhouse gas reduction goals. The bill creates the Green and Renewable Energy for Nonprofit Organizations Loan Fund as a special, non-lapsing fund to finance the program, with initial appropriations of $5 million in fiscal year 2025 and at least $5 million minus the existing fund balance in fiscal year 2026. The bill also requires the Administration to establish an application process, set guidelines for loan selection and repayment, and develop an advertising campaign for the program by July 1, 2024.
Committee Categories
Business and Industry, Government Affairs
Sponsors (1)
Last Action
Rereferred to Economic Matters and Appropriations (on 03/06/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1248?ys=2023RS |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/hb1248_hru.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb1248f.pdf |
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