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Conference committee approves amendments to HB 1369 changing coal development loan terms and Air Force base carve-out
Summary
A legislative conference committee approved amendments to House Bill 1369 that revise loan tiers and add a 2% loan option for Air Force bases from the state's coal development fund; the committee adopted an emergency clause and effective dates and passed the bill as amended.
A conference committee on House Bill 1369 approved amendments Thursday that change loan limits from the Coal Development Trust Fund and add a 2% loan carve-out for Air Force bases.
Senator Scheibe said the bill’s Section 3 creates a “co development loan fund” and “provides a 2 percent loan up to $20,000,000 for an Air Force base.” He said that loan is a 20-year obligation “not a revolving loan” and that repayments would return to the Coal Development Trust Fund.
The committee also amended…
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