HB14-1222

HB14-1222 - Clean Energy Project Private Activity Bonds

Passed/Signed into Law
Concerning Modification Of The Terms Under Which A County May Issue Tax-Exempt Private Activity Bonds On Behalf Of An Eligible Applicant For The Purpose Of Financing An Eligible Clean Energy Project On The Applicant's Property.

Current law allows a county to issue private activity bonds on behalf of a property owner or group of property owners who do not own an entire cooperative electric association (eligible applicant) for the purpose of constructing, expanding, or upgrading an eligible clean energy project on the eligible applicant's property. The bill reduces the minimum amount of private activity bonds that a county may issue for an eligible applicant from $1 million to $500,000, extends the maximum repayment term for bonds from 10 years to 15 years, and allows the bonds to be correlated to the revenue stream of the project up to 75% so long as bond payments do not exceed 75% of project revenue.

Latest update: May 30, 2014
05/30/2014 Governor Signed
04/30/2014 Sent to the Governor
04/29/2014 Signed by the President of the Senate
04/29/2014 Signed by the Speaker of the House
03/19/2014 Senate Third Reading Passed - No Amendments
03/18/2014 Senate Second Reading Passed - No Amendments
03/13/2014 Senate Committee on Agriculture, Natural Resources, & Energy Refer Unamended to Senate Committee of the Whole
02/26/2014 Introduced In Senate - Assigned to Agriculture, Natural Resources, & Energy
02/24/2014 House Third Reading Passed - No Amendments
02/21/2014 House Second Reading Passed with Amendments - Floor
02/19/2014 House Committee on Transportation & Energy Refer Unamended to House Committee of the Whole
01/30/2014 Introduced In House - Assigned to Transportation & Energy

3rd Reading Vote Summary - HB14-1222*

House Vote Summary - February 24, 2014
Yes No Excused Absent
39 26 0 0
Senate Vote Summary - March 19, 2014
Yes No Excused Absent
21 12 2 0
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