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CFO: district holds $1.4M in SB 1149 energy funds, state rules require transfer into capital projects for use
Summary
CFO Jane told the board that the district has $1.4 million in SB 1149 public purpose funds available for energy projects, that the program runs through 2036, and staff will bring an appropriation change to move approved dollars into the capital projects fund for use on eligible projects.
Jane, the district chief financial officer, told the board the district holds about $1.4 million in SB 1149 public purpose funds derived from a small charge on electric bills that utilities must allocate to energy‑efficiency projects.
Under the SB 1149 program, each qualifying electric utility collects a small public purpose charge and a percentage of that revenue must be made available to school districts for energy‑efficiency projects;…
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