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Committee advances bill to let GEFA make low-interest loans for natural gas capacity; supporters cite rural economic need, Sierra Club raises concerns
Summary
The Senate Regulated Industries and Utilities Committee gave a do-pass recommendation to Senate Bill 13 (LC 473149), a measure to clarify that the Georgia Environmental Finance Authority may make low-interest loans to municipalities to increase natural gas distribution capacity.
The Senate Regulated Industries and Utilities Committee gave a do-pass recommendation to Senate Bill 13 (LC 473149), a measure to clarify that the Georgia Environmental Finance Authority may make low-interest loans to municipalities to increase natural gas distribution capacity.
Senator John Summers (first reference uses the speaker’s full name and role), sponsor of the bill, described the measure as a clarification to permit GEFA to provide financing for natural gas infrastructure the same way it currently does for water and wastewater systems. "Basically all this bill does is allows GEFA to loan money to municipalities at a low interest rate so they can expand their gas…
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