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MD SB169

MD SB169
Green and Renewable Energy for Nonprofit Organizations Loan Program and Fund


summary

Introduced
01/10/2024
In Committee
02/14/2024
Crossed Over
02/13/2024
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Establishing the Green and Renewable Energy for Nonprofit Organizations Loan Program in the Maryland Energy Administration to provide financial assistance in the form of no-interest loans to nonprofit organizations for the planning, purchase, and installation of qualifying energy systems; establishing the Green and Renewable Energy for Nonprofit Organizations Loan Fund; authorizing, in fiscal year 2026, the Governor to include in the annual budget bill an appropriation of $5,000,000 for the Fund; etc.

AI Summary

This bill establishes the Green and Renewable Energy for Nonprofit Organizations Loan Program in the Maryland Energy Administration. The program provides no-interest loans to nonprofit organizations for the planning, purchase, and installation of qualifying energy systems that generate electricity or usable thermal energy and help the state meet environmental and greenhouse gas reduction goals. The bill also creates the Green and Renewable Energy for Nonprofit Organizations Loan Fund, which can receive appropriations from the state budget and other sources, to finance the loans. The program sets guidelines for application, selection, and repayment of the loans, prioritizing nonprofit organizations with annual budgets of $1 million or less.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (37)

Cheryl Kagan (D)* Malcolm Augustine (D),  Jack Bailey (R),  Pamela Beidle (D),  Joanne Benson (D),  Ben Brooks (D),  Mary Beth Carozza (R),  Jill Carter (D),  Nick Charles (D),  Sarah Elfreth (D),  Arthur Ellis (D),  Brian Feldman (D),  Bill Ferguson (D),  Jason Gallion (R),  Dawn Gile (D),  Guy Guzzone (D),  Antonio Hayes (D),  Katie Hester (D),  Shelly Hettleman (D),  Michael Jackson (D),  J.B. Jennings (R),  Ariana Kelly (D),  Kathy Klausmeier (D),  Ben Kramer (D),  Clarence Lam (D),  Cory McCray (D),  Mike McKay (R),  Anthony Muse (D),  Jim Rosapepe (D),  Johnny Salling (R),  Bryan Simonaire (R),  Charles Sydnor (D),  Jeff Waldstreicher (D),  Alonzo Washington (D),  Mary Washington (D),  Ron Watson (D),  Chris West (R), 

Last Action

Referred Economic Matters Appropriations (on 02/14/2024)

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