HB 1931 -- 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 through a need-based program to public and
private entities for the purpose of financing various renewable
energy producing products or facilities or qualifying energy
efficient and energy conserving appliances and products.  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 to
be used to provide the loans.  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, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm