Establishes an energy efficiency revolving fund within the state treasury to support qualifying projects.

The bill amends 1984 PA 431 by adding section 475, establishing an energy efficiency revolving fund within the state treasury. The fund can receive money or assets from any source and is managed by the state treasurer. The fund supports qualifying projects with state administrative costs not exceeding 10% of the total project cost. The department sets terms for participating state agencies, including project scope, funding commitments, and data collection. Projects completed by the department receive preference for future funding.

Establishes an energy efficiency revolving fund within the state treasury to support qualifying projects.

The bill amends 1984 PA 431 by adding section 475, establishing an energy efficiency revolving fund within the state treasury. The fund can receive money or assets from any source and is managed by the state treasurer. The fund supports qualifying projects with state administrative costs not exceeding 10% of the total project cost. The department sets terms for participating state agencies, including project scope, funding commitments, and data collection. Projects completed by the department receive preference for future funding.