HB 1862 -- Missouri Alternative Energy Loan Authority

Sponsor:  Baker (25)

This bill establishes the Missouri Alternative Energy Loan
Authority, within the Department of Natural Resources, to provide
low-interest loans 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
and reappointment eligibility 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
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm