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Committee advances DEQ energy program bill that eliminates bonding authority and allows flexible interest rates
Summary
House Bill 47, presented on behalf of the Department of Environmental Quality, was recommended do pass 99-0. The bill repeals DEQ's unused bond authority, permits a flexible annual interest rate (capped at existing 3%), and updates program definitions.
The committee recommended House Bill 47 do pass by voice/roll-call, with the clerk recording 99 ayes and zero no votes. Representative Zolnikov presented the bill on behalf of the Department of Environmental Quality.
Representative Zolnikov told members the bill "aims to do 3 things": repeal DEQ's authority to issue energy conservation program bonds (authority not used since 2002), allow DEQ to set a flexible annual interest rate for projects so it can offer lower rates to save taxpayers (while retaining a statutory cap of 3 percent), and update program definitions to expand the program's scope.
The record notes the change removes bonding authority that has been unused since 02/2007 and preserves the statutory cap at 3 percent to prevent rates from increasing above current law. The mover's closing asked members to recommend the bill for passage; the clerk recorded 99 ayes and zero no votes.
The bill will proceed per the committee report to further House consideration.
