Revision: March 4, 2010, midnight
HB 1377 – AS AMENDED BY THE HOUSE
03Mar2010… 0695h
2010 SESSION
09/10
HOUSE BILL 1377
AN ACT permitting utilities to establish loan programs for owners of residential and business property engaging in renewable energy and energy efficiency projects.
SPONSORS: Rep. Cali-Pitts, Rock 16; Rep. Borden, Rock 18; Sen. Fuller Clark, Dist 24
COMMITTEE: Science, Technology and Energy
This bill permits utilities to establish loan programs for owners of residential and business property engaging in renewable energy and energy efficiency projects.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03Mar2010… 0695h
10-2471
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT permitting utilities to establish loan programs for owners of residential and business property engaging in renewable energy and energy efficiency projects.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subdivision; Renewable Energy and Energy Efficiency Project Loan Programs. Amend RSA 374 by inserting after section 60 the following new subdivision:
Renewable Energy and Energy Efficiency Project Loan Programs
374:61 Renewable Energy and Energy Efficiency Project Loan Programs. A public utility may seek commission authorization, either individually or in combination with other public utilities, to establish loan, financing, or cost amortization programs for owners and tenants of residential, public, nonprofit, and business property to finance or otherwise amortize cost effective fuel neutral renewable energy and energy efficiency investments and improvements to the owner’s or tenant’s premises. The commission may authorize terms, conditions, and tariffs for the repayment of such loans and financed or underwritten investments and improvements through charges billed through and that run with the meter or meters assigned to the location where the investments are located, provided that such investments or improvements to a tenant’s premises are only made with the written consent of the owner or the owner’s authorized management representative. Pursuant to RSA 477:4-h, the owner, seller, lessor, or transferor of any real property subject to unamortized or ongoing charges under such a tariff shall disclose such fact to a prospective buyer, lessee, or occupant who might be responsible for paying such charges as a condition of utility service.
2 New Section; Conveyances of Realty and Interests Therein. Amend RSA 477 by inserting after section 4-g the following new section:
477:4-h Notification Required Prior to Sale, Transfer, Lease, or Rental of Real Property Subject to a Public Utility Tariff Pursuant to RSA 374:61 For the Financing or Amortization of Energy Efficiency or Renewable Energy Improvements.
I. Prior to or during the preparation of an offer for the purchase and sale of any interest in real property and in conjunction with an offer to lease or rent real property and before signing an agreement to sell, transfer, lease, or rent real property the seller, transferor, lessor, or owner shall disclose in writing to the buyer, transferee, lessee, or occupant if, to the seller’s, transferor’s, lessor’s or owner’s knowledge, any metered public utility services at the premises that the buyer, transferee, lessee, or occupant may be responsible for paying as a condition of such utility service is provided under a tariff with unamortized or ongoing charges for energy efficiency or renewable energy improvements pursuant to RSA 374:61. Such disclosure should include, if known, the remaining term and amount of such charges and any estimates or documentation of gross or net energy or fuel savings resulting from such financed or amortized improvements and investments. The buyer shall acknowledge receipt of the disclosure by signing a copy of the disclosure.
II. In the case of a sale or transfer of real property, the fact that information regarding such required disclosure is not available shall also be conveyed, in writing, when such is the case.
3 Effective Date. This act shall take effect 60 days after its passage.