Relating to small scale local energy projects; prescribing an effective date.
Catchline/Summary:
Transfers duties, functions and powers of State Department of Energy related to issuance of loans for small scale local energy projects to Oregon Business Development Department. Transfers duties, functions and powers of State Department of Energy related to issuance of loans for small scale local energy projects to Oregon Business Development Department. Becomes operative on January 1, 2018.
Requires loan contracts to make loans payable in full in event that Director of Oregon Business Development Department declares default of payment of loan or project that is subject of loan fails to meet standards and criteria for projects. Becomes operative on January 1, 2018.
Transfers moneys from Alternative Fuel Vehicle Revolving Fund to Small Scale Local Energy Project Loan Fund.
Appropriates moneys from General Fund to Oregon Business Development Department for purposes of Act.
Repeals energy efficiency and sustainable technology loan program.
Takes effect on 91st day following adjournment sine die.
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HB 2756 House Committee On Energy and Environment
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