- Background: This bill expands the types of projects that may be financed by the Colorado Clean Energy Development Authority to include energy efficiency retrofits and the installation of renewable energy fixtures for private residences and commercial property. The bill also removes the Colorado Clean Energy Development Authority fund from the State Treasury, and requires the authority to establish the fund elsewhere, presumably with a private financial institution. The bill also expands the types of capital improvement projects that counties and municipal districts may finance through assessments to include such energy efficiency and renewable energy improvements. Current law allows Colorado counties and municipal districts to finance improvements including roads and sidewalks, other transportation services, and water and sewage system facilities through such assessments.
Finally, the bill repeals the current statute prohibiting the Colorado Clean Energy Development Authority from making direct commercial loans.
- Most Recent Action: 5/2 passed Senate 2nd reading
- Position: Amending
