Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. In addition to funds which may be otherwise appropriated or provided from any source, and in addition to funds provided for in sections twenty-eight to thirty-two inclusive, of chapter seven hundred and ninety-six of the acts of nineteen hundred and seventy-nine, and section three of chapter seven hundred of the acts of nineteen hundred and eighty-three, the secretary of energy resources is hereby authorized to expend a sum not to exceed fifteen million dollars in the aggregate for the purpose of contracts to be entered into and grants to be awarded pursuant to section eleven of chapter twenty-five A of the General Laws. Except as otherwise determined by the general court, said sum shall be allocated from time to time by the secretary of energy resources for the purposes of the energy audit program, the energy conservation improvement program, and the alternative energy property program. When expending such funds, the secretary shall take into consideration, among other relevant factors, the amount of available state and federal financial resources, the needs of each program with respect to public buildings and facilities, the volume of requests or expected requests from other entities for assistance pursuant to each program, the expected costs and public benefits of each program and, after information has become available from the energy audit program, the priorities and needs indicated by that information. Said fifteen million dollars may be expended on the buildings and facilities owned by counties, cities, towns, sewer districts and regional school districts in the commonwealth.
SECTION 2. The state treasurer may borrow from time to time on the credit of the commonwealth such sums of money as may be necessary for the purpose of meeting payments authorized by section one of this act and may issue and renew from time to time notes of the commonwealth therefor, bearing interest payable at such time and at such rates as shall be fixed by the state treasurer. Such notes shall be issued and may be renewed one or more times for such terms, not exceeding one year, as the governor may recommend to the general court in accordance with Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth, but the final maturities of such notes, whether original or renewal, shall not be later than three years after the date of debt represented by the date that renewable notes were originally incurred. Notes and interest thereon issued under the authority of this section, notwithstanding any other provisions of this act, shall be general obligations of the commonwealth.
SECTION 3. To meet the expenditures necessary in carrying out the provisions of section one of this act or to refinance notes issued as provided in section two, the state treasurer shall, upon request of the governor, issue and sell bonds of the commonwealth, to an amount to be specified by the governor from time to time, but not exceeding, in the aggregate, the sum of fifteen million dollars. All bonds issued by the commonwealth, as aforesaid, shall be designated on their face Energy Conservation Bond, Act of 1987 and shall be issued for such maximum term of years not exceeding twenty years as the governor may recommend to the general court pursuant to Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth; provided, however, that all such bonds be payable no later than June thirtieth, two thousand and eleven. The bonds and interest thereon issued under the authority of this section, notwithstanding any other provision of this act, shall be general obligations of the commonwealth.
SECTION 4. Section 11 of chapter 25A of the General Laws, as appearing in the 1986 Official Edition, is hereby amended by striking out the second paragraph and inserting in place thereof the following two paragraphs:-
Said secretary is hereby authorized and directed to establish an alternative energy property program to provide alternative energy sources for buildings and facilities owned by the commonwealth, its political subdivisions, public authorities and other public instrumentalities of the commonwealth and of its political subdivisions including, but not limited to, housing authorities and those buildings and facilities leased by the political subdivisions of the commonwealth for at least thirty years and which are used for the provision of local government services; provided, however, that the period of time remaining prior to the expiration of said lease shall not be less than twice the payback period, so-called, for any proposed alternative energy property program project and technology.
Prior to approving any payment under said program with respect to premises leased by a political subdivision of the commonwealth, the secretary shall certify that the terms of such lease are such that any benefit accruing to a private party from such financing is incidental to the public purpose served by such financing.
SECTION 5. The fourth paragraph of section 11 of said chapter 25A, as so appearing, is hereby amended by inserting after the second sentence the following sentence:- Any city, town or regional school district which does not provide the secretary with information relating to energy expenses incurred prior to the implementation of energy conservation projects or measures, or alternative energy property program projects or technologies for the purpose of monitoring energy savings resulting from such implementation shall repay not less than fifty per cent of such grant and the time period allowed for repayment shall not exceed ten years from the date of such grant.
SECTION 6. Said section 11 of said chapter 25A, as so appearing, is hereby further amended by inserting after the word "town", in lines 34 and 43 in each instance, the following words:- sewer district,.