HB 472 -- Missouri Alternative Energy Loan Authority

Sponsor:  Low

This bill establishes the Missouri Alternative Energy Loan
Authority, within the Department of Natural Resources, to provide
low-interest loans on a need-based program to public and private
entities for the purpose of financing various energy-saving
projects and services.  The authority will consist of seven
members appointed by the Governor with the advice and consent of
the Senate.  The members' terms, eligibility, and qualifications
are specified in the bill.  Action may be taken upon the
affirmative vote of at least three members.  The authority must
file an annual financial statement with the department director.

An initial appropriation of $15 million to the newly created
Missouri Alternative Energy Loan Authority Fund will be made; and
the fund may receive annual appropriations from the General
Assembly as well as from any gifts, contributions, grants, or
bequests.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am