Department of Mines, Minerals and Energy (409)
| Request Title | Establish a clean energy financing program |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | Multiple Regions |
Description
|
Provides one-time funding to capitalize and establish a clean energy financing program consisting of a revolving loan fund and a loan loss reserve fund to support public and private sector projects. The funds would leverage a larger amount of private capital to finance diverse projects throughout the Commonwealth. Potential public and private sector projects include large commercial energy infrastructure or building retrofits. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $10,000,000 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 507 | Resource Management Research, Planning, And Coordination | $10,000,000 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $10,000,000 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 01-24-2026 19:07:45
