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Committee hears DNRC loans program bill backing coal-severance bonds for irrigation loans

2375006 · February 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 8 would reauthorize and provide state-backed loans for irrigation and other renewable-resource projects through DNRC, using coal-severance tax–backed bonds and subsidized interest rates.

Representative John Fitzpatrick presented House Bill 8, which would authorize loans under the renewable-resource loan program administered by the Department of Natural Resources and Conservation (DNRC). Fitzpatrick said the program has operated since 1993 and combines prior public-loan programs; the bill authorizes up to $133 million in loans, including…

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