Establishes the NC Clean Energy Innovation and Research Fund to support clean energy innovation and small business development.
The bill establishes the NC Clean Energy Innovation and Research Fund within the Department of Commerce to support clean energy innovation and small business development. It allocates $10 million for the fund, which will provide grants to private businesses, nonprofit organizations, local governments, and state agencies. The fund aims to encourage the development and deployment of renewable energy and energy-efficient technologies. The Department of Commerce may set a cap on grants and require matching funds from recipients. Unspent funds will revert to the General Fund by June 30, 2027.
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.