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Legislators debate legality and policy of transferring $10 million from renewable energy fund
Summary
Committee members questioned whether proposed use of $10 million in the renewable energy fund for general purposes is lawful and raised policy concerns about long-term energy goals versus near-term rate relief.
The Finance - Division I committee discussed a proposed $10 million transfer from the renewable energy fund into the general fund as part of House Bill 2, with lawmakers debating both the legal footing and policy trade-offs.
Several members warned the money in the renewable energy fund was created with a dedicated statutory purpose and suggested that redirecting the funds to the…
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