Bill > HB1273

This bill modifies the Maryland Strategic Energy Investment Fund (SEIF) to expand its permitted uses and reporting requirements. The bill changes the definition of "low to moderate income" to mean households with annual incomes at or below 150% of the area median income, instead of the previous definition. It allows the fund to provide grants and loans for building and transportation electrification, in addition to its existing purposes of supporting energy efficiency, renewable energy, and climate change mitigation programs. The bill requires more detailed annual reporting on fund expenditures, including a requirement to report grants over $10,000 and their recipients. Additionally, the bill adjusts how Regional Greenhouse Gas Initiative (RGGI) auction proceeds and compliance fees are allocated, with increased focus on solar energy programs, energy assistance, and support for low and moderate-income communities. The changes aim to enhance the fund's flexibility in supporting clean energy initiatives, with a particular emphasis on electrification and equitable access to energy programs. The bill will take effect on July 1, 2025, providing time for implementation planning.

Business and Industry, Education

Economic Matters (H)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1273?ys=2025RS