1.1 	A bill for an act
1.2 	relating to energy; authorizing renewable energy measures to be funded under 
1.3 	the energy conservation investment loan program;amending Minnesota Statutes 
1.4 	2004, section 216C.37, subdivision 1.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2004, section 216C.37, subdivision 1, is amended to read:
1.7 		Subdivision 1.Definitions. In this section:
1.8 	(a) "Commissioner" means the commissioner of commerce.
1.9 	(b) "Energy conservation investments" means all capital expenditures that are 
1.10 	associated with conservation measures identified in an energy project study, including 
1.11 	renewable energy measures, and that have a ten-year or less payback period.
1.12 	(c) "Municipality" means any county, statutory or home rule charter city, town, 
1.13 	school district, or any combination of those units operating under an agreement to jointly 
1.14 	undertake projects authorized in this section.
1.15 	(d) "Energy project study" means a study of one or more energy-related capital 
1.16 	improvement projects analyzed in sufficient detail to support a financing application. At a 
1.17 	minimum, it must include one year of energy consumption and cost data, a description 
1.18 	of existing conditions, a description of proposed conditions, a detailed description of the 
1.19 	costs of the project, and calculations sufficient to document the proposed energy savings.