An Act relating to a state energy policy; relating to the green energy grant fund; and providing for an effective date.

Summary

The bill creates a separate Green Renewable Energy Grant Fund, funded with 20% of carbon‑offset program revenue, while the remaining 80% stays under existing accounting rules. It limits loan terms for large renewable projects and sets eligibility criteria for grant awards, directing the state energy authority to prioritize projects that lower local energy costs. The goal is to spur renewable development and target assistance to areas with higher energy expenses.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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