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House creates $5 million revolving loan fund to help schools improve energy efficiency

Utah House of Representatives · February 15, 2007
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Summary

The House voted to create a $5 million revolving loan fund in HB351 to finance school energy‑efficiency projects with 2–12 year payback periods, administered by the Utah Geological Survey; sponsors estimated ~2.5% interest and projected early payback and annual savings.

House Bill 351, passed Feb. 15 by the Utah House, establishes a revolving loan fund intended to help public schools invest in energy‑efficiency upgrades.

Representative Barris, sponsor of the measure, said the fund would be seeded with one‑time money (an appropriation of $5 million) and administered…

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