Bill
Bill > S476
MA S476
Providing funding for clean energy and energy efficiency measures for the Commonwealth
summary
Introduced
01/23/2017
01/23/2017
In Committee
10/12/2017
10/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to provide funding for clean energy and energy efficiency measures for the Commonwealth. Environment, Natural Resources and Agriculture.
AI Summary
This bill provides funding for clean energy and energy efficiency measures in public school buildings in the Commonwealth. The key provisions include:
1. The Department of Energy and Environmental Affairs will develop and implement a state plan to install clean energy measures in school district buildings, prioritizing projects that will realize significant energy cost savings. The plan must be revenue-neutral, with the energy cost savings covering the full cost of the measures.
2. The plan will specify a bonding system similar to the Commonwealth Clean Energy Investment Program, where the Executive Office for Administration and Finance can issue up to $50 million in "clean energy bonds" to fund the installation of clean energy measures in schools. These bonds will be tax-exempt.
3. Upon installation of clean energy measures, the Massachusetts School Building Authority will calculate the estimated energy cost savings for each school district, and 90% of those savings will be deducted from the district's state funding distribution until the district's share of the bond debt service is repaid.
4. The Massachusetts School Building Authority is required to submit an annual report to the General Court and Governor detailing the program's activities, expenditures, energy cost savings, and overall cost-effectiveness.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (8)
Michael Brady (D),
Michelle DuBois (D),
Jamie Eldridge (D),
Solomon Goldstein-Rose (I),
Carlos González (D),
Paul Heroux (D),
Peter Kocot (D),
Marc Pacheco (D),
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 10/12/2017)
Official Document
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S476 |
Bill | https://malegislature.gov/Bills/190/S476.pdf |
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