summary
Introduced
03/22/2023
03/22/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to create a climate bank to facilitate innovative financing solutions for climate and clean energy innovations in the public, private, and non-profit sectors. Financial Services.
AI Summary
This bill establishes the Massachusetts Climate Bank, a public instrumentality within the Massachusetts clean technology energy center. The bank's purpose is to facilitate innovative financing solutions for climate and clean energy projects in the public, private, and non-profit sectors, in line with the state's greenhouse gas emissions goals. The bank will provide various financial instruments, such as loans, loan guarantees, and credit enhancements, to support the development and deployment of climate and clean energy innovations. The bank will be governed by an 11-member board with expertise in areas like sustainable finance, climate resilience, and building design. The bill also outlines the bank's powers and funding sources, which include proceeds from cap-and-trade programs and alternative compliance payments.
Committee Categories
Business and Industry
Sponsors (29)
Joan Meschino (D)*,
James Arena-Derosa (D),
Natalie Blais (D),
Simon Cataldo (D),
Tackey Chan (D),
Michelle Ciccolo (D),
Jo Comerford (D),
John Cronin (D),
Manny Cruz (D),
Pat Duffy (D),
Jamie Eldridge (D),
Rodney Elliott (D),
Carmine Gentile (D),
Jim Hawkins (D),
Natalie Higgins (D),
Vanna Howard (D),
Jack Lewis (D),
David Linsky (D),
Sam Montaño (D),
Jim O'Day (D),
Steve Owens (D),
Adrianne Ramos (D),
Becca Rausch (D),
Lindsay Sabadosa (D),
Margaret Scarsdale (D),
Tom Stanley (D),
Andy Vargas (D),
Tommy Vitolo (D),
Susannah Whipps (I),
Last Action
Accompanied a study order, see H4705 (on 06/03/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H3774 |
| BillText | https://malegislature.gov/Bills/193/H3774.pdf |
Loading...