1 Renewable Energy Fund; Priority of Use of Funds; Administrative Costs. Amend RSA 362-F:10, I, as amended by 2025, 286:6 to read as follows:

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, the department of energy shall in a timely manner seek the approval of the fiscal committee of the general court to continue using 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 paid into the fund under paragraph II of this section, excluding class II moneys, shall be used by the department of energy to support thermal and electrical renewable energy initiatives , including the office of energy innovation. 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.

2 Applicability. This act shall apply to funds collected on and after July 1, 2025 until June 30, 2027.

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

1 Renewable Energy Fund; Priority of Use of Funds; Administrative Costs. Amend RSA 362-F:10, I, as amended by 2025, 286:6 to read as follows:

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, the department of energy shall in a timely manner seek the approval of the fiscal committee of the general court to continue using 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 paid into the fund under paragraph II of this section, excluding class II moneys, shall first be used by the department of energy for administrative costs , including the office of energy innovation. After funding of the administrative costs, up to $1,000,000 annually shall support thermal and electrical renewable energy initiatives, pursuant toRSA 362-F:10, VIII, and shall not be used to support individual residential solar initiatives. Any monies remaining shall be transferred to the general fund. 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.

2 Applicability. This act shall apply to funds collected on and after July 1, 2025 until June 30, 2027.

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