Establishes an energy project revolving loan program and fund to provide financial assistance for zero-emission energy projects.
The bill establishes an energy project revolving loan program and fund to encourage the development of renewable energy projects. It provides financial assistance in the form of zero-interest or low-interest loans to energy producing entities for eligible zero-emission energy generation projects. The authority will issue a competitive request for proposals and conduct a cost-benefit analysis to determine which projects receive assistance. All eligible projects must be performed in accordance with project labor agreements and apprenticeship agreements.
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