Bill > H1763

This bill seeks to establish the Massachusetts Green Energy Development Bank, a public instrumentality tasked with promoting clean energy in the state. The key provisions include: - Creating the bank, which will be governed by a board of directors appointed by the governor, to evaluate and coordinate financing for energy improvements and clean energy technologies throughout Massachusetts. - Empowering the bank to provide various forms of financial support, such as loans, loan guarantees, and insurance, to qualifying energy projects. - Directing the bank to facilitate the financing of long-term energy improvements and technology purchases by government and non-profit entities, develop standards and protocols for energy projects, and work to eliminate fossil fuel use in the state. - Allowing the bank to issue bonds and notes to finance its operations and qualifying energy projects. - Establishing a process for the bank to review and approve energy projects, and enter into funding agreements to disburse and recoup funds.

Transportation and Infrastructure

https://malegislature.gov/Bills/190/H1763