Bill
Bill > H3389
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to establish a fund to offer zero-interest loans to municipalities for the conversion of some or all street lighting to light-emitting diode lighting. Telecommunications, Utilities and Energy.
AI Summary
This bill establishes the Street Light Conversion Revolving Loan Fund within the Massachusetts Clean Energy Center (the Center) to provide zero-interest loans to municipalities for the conversion of some or all of their street lighting to light-emitting diode (LED) technology. The fund will be financed through appropriations, bond proceeds, federal grants, and private donations, and will be administered by the Center. The Center will make the loans available through agreements with approved banks in the Commonwealth. To be eligible, municipalities must provide information on the loan amount, a price quote from a vendor, and evidence of their financial ability to repay the loan through the energy savings from the conversion to LED lighting. The loans will be repaid over a 10-year term, and the Attorney General will enforce collection of any loans in default.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Accompanied a study order, see H4651 (on 06/25/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H3389 |
| Bill | https://malegislature.gov/Bills/190/H3389.pdf |
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