Bill Text - HB1270 (2010)

(New Title) relative to balancing amounts expended from the renewable energy fund.


Revision: March 3, 2010, midnight

HB 1270 – AS INTRODUCED

2010 SESSION

10-2547

06/09

HOUSE BILL 1270

AN ACT relative to permitting existing hydroelectric plants to receive grants from the renewable energy fund for installing upgrades.

SPONSORS: Rep. S. Harvey, Hills 21; Rep. Hinkle, Hills 19

COMMITTEE: Science, Technology and Energy

ANALYSIS

This bill permits existing hydroelectric plants to receive grants from the renewable energy fund for installing upgrades.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10-2547

06/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to permitting existing hydroelectric plants to receive grants from the renewable energy fund for installing upgrades.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Section; Renewable Energy Fund; Eligibility. Amend RSA 362-F by inserting after section 10 the following new section:

362-F:10-a Requests for Proposals. The commission shall issue requests for proposals that provide existing and new renewable energy facilities with opportunities to receive funds from the renewable energy fund established under RSA 362-F:10. The requests for proposals shall provide such opportunities to those renewable energy facilities that are not eligible to participate in incentive and rebate programs developed by the commission under RSA 362-F:10, V. The commission shall allocate at least 50 percent of alternative compliance payments received on an annual basis to fund projects and initiatives selected through the request for proposals process. The commission shall issue a request for proposals no later than August 1, 2010 and annually thereafter, and select winning projects and initiatives in a timely manner.

2 Effective Date. This act shall take effect upon its passage.

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