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2012 Session

Budget Amendments - HB30 (Floor Approved)

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Energy Projects (language only)

Item 4-4.01 #1h

Item 4-4.01 #1h

Capital Projects
General

Language
Page 420, line 25, after "$7,000,000.", insert:
"Upon such determination that the energy savings offsets debt service and costs of the project, the financed portion may be considered as separate from the limits on debt capacity."


Explanation
(This amendment allows for the consideration of treating energy efficiency projects that completely pay for themselves as 9(d) nongeneral fund revenue debt.)