HOUSE DOCKET, NO. 2942 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 3623
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Thomas A. Golden, Jr.
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to a green technology development fund.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Thomas A. Golden, Jr. | 16th Middlesex | 1/17/2019 |
Brian M. Ashe | 2nd Hampden | 3/15/2019 |
Paul Brodeur | 32nd Middlesex | 3/18/2019 |
Antonio F. D. Cabral | 13th Bristol | 3/19/2019 |
Daniel Cahill | 10th Essex | 3/14/2019 |
Claire D. Cronin | 11th Plymouth | 3/18/2019 |
Nika C. Elugardo | 15th Suffolk | 3/14/2019 |
Ann-Margaret Ferrante | 5th Essex | 3/19/2019 |
Carole A. Fiola | 6th Bristol | 3/14/2019 |
James K. Hawkins | 2nd Bristol | 3/14/2019 |
Kate Hogan | 3rd Middlesex | 3/18/2019 |
Lenny Mirra | 2nd Essex | 3/18/2019 |
Sarah K. Peake | 4th Barnstable | 3/18/2019 |
Jeffrey N. Roy | 10th Norfolk | 3/19/2019 |
Steven Ultrino | 33rd Middlesex | 3/14/2019 |
Tommy Vitolo | 15th Norfolk | 3/18/2019 |
HOUSE DOCKET, NO. 2942 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 3623
By Mr. Golden of Lowell, a petition (accompanied by bill, House, No. 3623) of Thomas A. Golden, Jr., and others for legislation to promote the development, growth, and adoption of clean energy. Telecommunications, Utilities and Energy. |
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-First General Court
(2019-2020)
_______________
An Act relative to a green technology development fund.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
(a) The secretary of housing and economic development and the secretary of energy and environmental affairs shall jointly study and investigate the efficacy and feasibility of establishing a green technology development fund that would support and promote the development, growth, and adoption of clean energy, as defined in section 1 of chapter 23J of the General Laws. The study and investigation shall include, but shall not be limited to, an examination of the following topics: (i) gaps in financing for clean energy technology and clean energy projects; (ii) ways of providing financing opportunities for clean energy technology companies and clean technology projects; (iii) the amount of initial funding sufficient for the establishment of such a fund; (iv) mechanisms through which such a fund could attract additional capital and become financially self-sustainable; (v) how long the process of becoming financially self-sustainable may take; (vi) mechanisms to establish a guarantee against losses from the green technology development fund; and (vii) best practices utilized by similar institutions.
(b) The secretary of housing and economic development and the secretary of energy and environmental affairs shall file a joint report with the findings of their study with the clerks of the house of representatives and senate and the chairs of the joint committee on telecommunications, utilities, and energy by December 31, 2021.