Bill > S1435

This bill proposes to modify Section 53E¾ of chapter 44 of the Massachusetts General Laws to expand the eligibility for establishing an energy revolving loan fund to include counties, specifically Barnstable County. Currently, the law allows cities and towns to create such funds, and this bill would broaden that scope by consistently replacing the phrase "city or town" with "city, town, or county" throughout the existing statute. The bill also updates language related to local legislative bodies by adding "county legislative body" alongside city and town councils, and modifies accounting-related terminology to include county accountants. In practical terms, this means Barnstable County would now have the legal authority to establish an energy revolving loan fund, which is a financial mechanism that allows local governments to provide low-interest loans for energy efficiency and renewable energy projects, with the loan repayments recycling back into the fund to support future investments.

Government Affairs

https://malegislature.gov/Bills/194/S1435