Bill > H440

This bill establishes the Massachusetts Green Banks Fund within the Massachusetts Clean Energy Center to provide financing for renewable energy and energy efficiency projects. The fund aims to address "financing gaps" that prevent creditworthy projects from reaching their intended scale due to a lack of funding. The fund will offer loans, loan guarantees, and other forms of financing to clean energy projects with the goals of mitigating climate change, boosting energy efficiency, and encouraging the growth of clean energy businesses in the Commonwealth. The bill outlines the funding sources for the Green Banks Fund and the specific purposes for which the center can use the funds, such as providing bridge financing, workforce training grants, and grants for site remediation and infrastructure improvement projects.

Agriculture and Natural Resources

https://malegislature.gov/Bills/190/H440