Revision: April 22, 2026, 10:10 a.m.
Rep. McGhee, Hills. 35
Rep. Cormen, Graf. 15
Rep. Caplan, Merr. 8
Rep. Swanson, Hills. 5
Rep. Parshall, Ches. 8
April 22, 2026
2026-1608h
12/08
Floor Amendment to SB 599-FN
Amend RSA 362-F:10, I as inserted by section 1 of the bill by replacing it with the following:
I. There is hereby established a renewable energy fund. This nonlapsing special fund shall be continually appropriated to the department of energy to be expended in accordance with this section; provided that at the start of the [period in which there is no adopted state operating budget] budget adoption process, the department of energy [shall in a timely manner seek] seeks the timely approval of the fiscal committee of the general court to continue [using] appropriating moneys from the renewable energy fund to support renewable energy [rebate and grant] programs [in order] to ensure there are no interruptions [to the programs]. The state treasurer shall invest the moneys deposited therein as provided by law. Income received on investments made by the state treasurer shall also be credited to the fund. All payments to be made under this section shall be deposited in the fund. Any [remaining moneys] compliance payment paid into the fund under paragraph II of this section, [excluding class II moneys,] shall be first used [by the department of energy to support thermal and electrical renewable energy initiatives] for department of energy administrative costs, including funding for the office of energy innovation, for an amount not to exceed $1,000,000 per fiscal year. For the renewable energy fund collections period of July 1, 2025 until June 30, 2027, an amount not to exceed $1,000,000 annually is allocated to support renewable energy initiatives, pursuant to RSA 362-F:10, VIII. Remaining monies shall be transferred to the general fund to address budget assumptions that included these dedicated funds in the budget biennium ending June 30, 2027. Class II moneys shall primarily be used to support solar energy technologies in New Hampshire. All initiatives supported out of these funds shall be subject to audit by the department of energy as deemed necessary. All fund moneys including those from class II may be used to administer this chapter, but all new employee positions shall be approved by the fiscal committee of the general court. No new employees shall be hired by the department of energy due to the inclusion of useful thermal energy in class I production.
2026-1608h
AMENDED ANALYSIS
This bill requires that remaining moneys from electricity provider compliance payments made to the renewable energy fund shall first be used by the department of energy for administrative costs, including funding for the office of energy innovation, for an amount not to exceed $1,000,000 per fiscal year. The bill also allocates for the current fiscal year an amount not to exceed $1,000,000 for renewable energy initiatives, and provides that any remaining moneys be deposited in the general fund.