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Bill > H3805


MA H3805

MA H3805
Establishing the Massachusetts Green Bank


summary

Introduced
03/23/2023
In Committee
04/24/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

For legislation to establish a body politic and corporate to be known as the Massachusetts clean energy technology center. Telecommunications, Utilities and Energy.

AI Summary

This bill establishes the Massachusetts Clean Energy Technology Center, a public instrumentality placed within the Executive Office of Energy and Environmental Affairs. The Center will serve as the state's "Green Bank," financing and supporting clean energy investment in residential, municipal, small business, and larger commercial projects. The Center will also promote research, workforce training, and the creation and expansion of clean energy companies and ventures in the state, with the goal of increasing clean energy generation, improving energy efficiency, and achieving the state's greenhouse gas emission reduction targets under Chapter 21N. The Center will collaborate with the Massachusetts Renewable Energy Trust Fund and work with local lenders to offer low-interest loans to clean energy and climate technology companies and projects.

Committee Categories

Transportation and Infrastructure

Sponsors (4)

Last Action

Accompanied a study order, see H4778 (on 07/02/2024)

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/193/H3805
BillText https://malegislature.gov/Bills/193/H3805.pdf
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