Senate committee hears FORGE Act to create revolving clean-energy financing entity
Supporters from state government, banks and conservation groups told the Senate Committee SB 15 26 (the FORGE Act) would create a nonprofit revolving loan entity to finance clean-energy and resilience projects without using state general funds; one policy think tank raised concerns about duplication and bonding authority.
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Sen. Janine Sullivan (for the record), appearing before the Senate Committee on Energy and Environment on Feb. 4, described Senate Bill 15 26 — the FORGE Act — as a phased framework directing the Oregon Department of Energy to seek grant funding to convene a founding board that would establish a nonprofit financing entity and a revolving loan program to finance clean-energy and resilience projects.
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