Amendment ID: S2856-139-R1

Redraft Amendment 139

Clean Energy and Climate Action Fund

Mr. Pacheco and Ms. Rausch move that the proposed new text be amended in section 84, by inserting after proposed section 16 of chapter 23J of the General Laws the following section:-

“Section 17. (a) There shall be a separate fund to be known as the Clean Energy and Climate Action Fund. The fund shall be credited with: (i) any appropriations, bond proceeds or other monies authorized by the general court and specifically designated to be credited to the fund; (ii) federal grants or loans directed to the fund; (iii) any gifts, grants and private donations; and (iv) interest earned on the assets of the funds. The fund shall be administered by the center and funds shall be expended for the purpose of reducing emissions from the built environment with energy efficient retrofits and upgrades. Any balance in the fund at the close of a fiscal year shall be available for expenditure in subsequent fiscal years and shall not be transferred to any other fund or revert to the General Fund.

(b) Annually, not later than June 1, the executive director shall report on the activities of the fund from the previous calendar year to the clerks of the senate and house of representatives, the senate and house committees on ways and means, the joint committee on environment and natural resources and the joint committee on housing”.