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Committee rejects on-bill financing bill over concerns about funding and repayment mechanics
Summary
House Bill 1268, an on-bill financing program backed by the Unclaimed Property Trust Fund, failed in committee after senators raised concerns about the fund's solvency, repayment mechanics and whether loans would be repaid.
House Bill 1268, which would have created a revolving on-bill financing program to help customers pay for energy measures and solar installations, failed in the Senate Appropriations Committee and was postponed indefinitely after a 5-2 vote against the measure.
Sponsor Senator Winter described the proposal as a revolving loan fund that the Colorado Energy Office would use to lend to participating utilities, which would in turn…
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