Oregon SB1526 directs the State Department of Energy to apply for grants to form a nonprofit entity for clean energy and resilience projects.
Oregon SB1526 requires the State Department of Energy to apply for grant moneys to cover the costs of forming a nonprofit entity. This entity will finance clean energy and resilience projects, focusing on energy generation, transmission, production, storage, and greenhouse gas emissions reduction. The nonprofit must have a charter requiring a supermajority for changes and report annually to the Legislative Assembly. The Oregon Business Development Department will explore agreements to provide financing to the nonprofit.
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