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HF 3966

as introduced - 90th Legislature (2017 - 2018) Posted on 03/26/2018 05:45pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to energy; expanding purposes for energy conservation loans; amending
Minnesota Statutes 2016, section 462A.05, subdivision 14b.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2016, section 462A.05, subdivision 14b, is amended to
read:


Subd. 14b.

Energy conservation loans.

It may agree to purchase, make, or otherwise
participate in the making, and may enter into commitments for the purchase, making, or
participating in the making, of loans to persons and families, without limitations relating to
the maximum incomes of the borrowers, to assist in energy conservation rehabilitation
measures for existing housing owned by those persons or families including, but not limited
to: weatherstripping and caulkingdeleted text begin ,deleted text end new text begin ;new text end chimney construction or improvementdeleted text begin ,deleted text end new text begin ;new text end furnace or space
heater repair, cleaning or replacementdeleted text begin ,deleted text end new text begin ; central air conditioner repair, maintenance, or
replacement; air source or geothermal heat pump repair, maintenance, or replacement; new text end
insulationdeleted text begin , stormdeleted text end new text begin ;new text end windows and doorsdeleted text begin ,deleted text end new text begin ;new text end and structural or other directly related repairs essential
for energy conservation. Loans shall be made only when the agency determines that financing
is not otherwise available, in whole or in part, from private lenders upon equivalent terms
and conditions.new text begin Loans under this subdivision or subdivision 14 may:
new text end

new text begin (1) be integrated with a utility's on-bill repayment program approved under section
216B.241, subdivision 5d; and
 new text end

new text begin (2) also be made for the installation of on-site solar energy or energy storage systems.
 new text end