Establishes the Green and Renewable Energy Efficiency for Nonprofits Loan Program and Fund in Maryland.
The bill establishes the Green and Renewable Energy Efficiency for Nonprofits Loan Program and Fund in Maryland. The program provides no-interest loans to nonprofit organizations for the purchase and installation of qualifying energy systems and energy efficiency actions. The Maryland Clean Energy Center will manage the program, setting guidelines for application, selection, and repayment. The fund, a special, nonlapsing fund, consists of appropriations, transfers from the Maryland Strategic Energy Investment Fund, and interest and investment earnings.
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- Core Provisions
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- Critical Issues
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