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Maryland bill would create no‑interest clean energy loans for small nonprofits
Summary
Delegate Johnson’s HB 695 would establish a no‑interest loan program for small nonprofits (budgets under $1 million) to fund solar and energy upgrades, seeded by a one‑time $5 million transfer from the Strategic Energy Investment Fund; proponents say repayments would be recycled to help other organizations.
Delegate Johnson introduced legislation (HB 695) seeking to establish a no‑interest loan program and dedicated fund to help small nonprofits pay upfront costs for solar and other energy efficiency upgrades. Johnson said the program would target nonprofits with budgets under $1 million and require that energy‑savings repayments be returned to the fund to support additional borrowers.
“This bill takes the risk away from…
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