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2019 Session

Budget Amendments - SB1100 (Committee Approved)

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Renewable Energy Development Incentives - SB 1496

Item 117 #1s

Item 117 #1s

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Mines, Minerals and Energy FY2019 ($10,000,000) FY2020 $1,000,000 GF

Language
Page 111, line 3, strike "$13,116,931" and insert "$3,116,931".
Page 111, line 3, strike "$3,503,931" and insert "$4,503,931".

Page 111, strike lines 31 through 36, and insert:

"D. Out of the amounts in this Item, $1,000,000 the second year from the general fund shall be deposited to the Installed Solar Energy Equipment Program Grant Fund and used to award grants to businesses that on or after July 1, 2019, construct, purchase, or lease solar energy equipment and place such equipment in service on certain nonresidential real property, pursuant to Senate Bill 1496, as enacted by the 2019 General Assembly."



Explanation

(This amendment provides $1.0 million GF the second year to be deposited to the Installed Solar Energy Equipment Program Grant Fund and used to award grants to businesses that on or after July 1, 2019, construct, purchase, or lease solar energy equipment and place such equipment in service on certain nonresidential real property, subject to the requirements set forth in Senate Bill 1496. This amendment also removes language authorizing the development of a public/private partnership program to provide financing for energy efficiency and renewable energy loans to private and local government properties and entities.)