Energizing Our Communities Act establishes a fund to support communities hosting transmission lines and promote conservation and recreation.
The Energizing Our Communities Act establishes the Community Economic Development Transmission Fund in the Treasury. The fund receives a portion of interest from covered loans related to electric power transmission lines. Eligible projects include those using covered loans for new or upgraded transmission lines. Host communities can use up to 80% of the funds for community services and infrastructure improvements, with at least 20% dedicated to conservation and recreation. The Secretary of Energy manages the fund and makes payments to eligible host communities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.