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HB1748-FN: establishing the New Hampshire energy efficiency and resource development authority.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Official links
and up to $25,000,000 plus interest for bonds guaranteed under the bill. The Department further notes that these guarantees would affect the State’s debt limit calculation under RSA 6-C, because guaranteed debt is included in authorized and unissued debt. The Department of Health and Human Services states this bill requires that certain household data be furnished to the Authority related to low incom
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Related law links
RSA references from bill data
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125-O:23
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· effective 2027-01-01
t for funding projects by local governments that have their own municipal utilities to the extent that funds are allocated to the authority by the department of energy pursuant to RSA 125-O:23, III for that purpose. 362-J:8 Funding. I. The authority’s energy efficiency budget shall be funded through the system benefits charge established in RSA 374-F:3; the energy efficiency fund established pursuant
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12-P:7-A
· reference
· effective 2027-01-01
nt efforts that are consistent with and promote the purposes of the authority. The plan must take into consideration the comprehensive state energy strategy developed pursuant to RSA 12-P:7-a. The plan must include, but is not limited to, efficiency program budget allocations, objectives, targets, performance metrics, program designs, program implementation strategies, timelines, and other relevant informati
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162-A:17
· reference
· effective 2027-01-01
of Bonds. I. The authority may issue bonds pursuant to this section which shall be obligations of the authority and not general obligations of the state, except as provided in RSA 162-A:17. Such bonds may be issued from time to time consistent with the purposes and provisions of this chapter to make loans to businesses under RSA 362-C:17, to make contributions to the loan guarantee fund under RSA 362-C:18
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162-A:18
· reference
· effective 2027-01-01
I. The authority shall not make any loan or enter into any loan agreement under this section unless, after a hearing, the governor and council have made the findings specified in RSA 162-A:18. 362-J:20 Issuance of Bonds. I. The authority may issue bonds pursuant to this section which shall be obligations of the authority and not general obligations of the state, except as provided in RSA 162-A:17. Su
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21-G:21
· reference
· effective 2027-01-01
d penalty requirements of RSA Chapter 15-A. Neither appointed members of the board of directors nor officers or employees of the authority shall be subject to RSA Chapter 15-B or RSA 21-G:21 through RSA 21-G:27 by virtue of relationship with the authority. 362-J:27 False Statements. In addition to any other remedy in law or equity, the authority may prohibit a person or entity from applying to the auth
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21-G:27
· reference
· effective 2027-01-01
ts of RSA Chapter 15-A. Neither appointed members of the board of directors nor officers or employees of the authority shall be subject to RSA Chapter 15-B or RSA 21-G:21 through RSA 21-G:27 by virtue of relationship with the authority. 362-J:27 False Statements. In addition to any other remedy in law or equity, the authority may prohibit a person or entity from applying to the authority or its subgran
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292
· reference
· effective 2027-01-01
slature shall be deemed and held to be the performance of public and essential governmental functions of the state. The authority shall be a nonprofit corporation organized under RSA 292. 362-J:4 Board of Directors; Organization. The authority shall be governed by a board of 10 directors. I. The 10 directors shall include: (a) The commissioner of the department of energy or designee. (b
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362:2
· reference
· effective 2027-01-01
ted. The authority shall provide energy efficiency services only to distribution customers of retail electric and natural gas public utilities, as public utilities are defined in RSA 362:2, and the New Hampshire electric cooperative, except for funding projects by local governments that have their own municipal utilities to the extent that funds are allocated to the authority by the department of energy p
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362-C:11
· reference
· effective 2027-01-01
o energy consumers. IV. The authority shall develop, and the board shall vote on, a detailed, triennial plan that includes the quantifiable performance metrics developed under RSA 362-C:11, II. The triennial plan must provide integrated planning, program design, and implementation strategies for all energy efficiency administered by the authority. The triennial plan must include provisions for the appli
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362-C:12
· reference
· effective 2027-01-01
the authority shall encourage the development of resources, infrastructure, and skills within the state by giving preference to in-state service providers. III. Notwithstanding RSA 362-C:12, I, the authority may select a service provider for one or more energy efficiency programs, including low-income programs, without employing a competitive bidding process if the authority determines that the selection o
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362-C:15
· reference
· effective 2027-01-01
t of cost-effective energy efficiency programs. The authority shall include the results of all evaluations conducted under this section in the annual report submitted pursuant to RSA 362-C:15. For purposes of this section, “major program” means a program with an annual budget of more than $500,000. 362-J:14 Financial Audits. The authority shall cause its accounts to be audited by an independent certifie
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362-C:17
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· effective 2027-01-01
ction with any action taken under this section. 362-J:18 Guarantee Fund Established. In order to provide additional security to the state for any loan guarantees made under RSA 362-C:17 and bond guarantees under RSA 362-C:22, there is hereby established a loan guarantee reserve fund, which shall be held by the authority apart from all of its other funds, and which shall be deemed irrevocably pledged to
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362-C:18
· reference
· effective 2027-01-01
rom time to time consistent with the purposes and provisions of this chapter to make loans to businesses under RSA 362-C:17, to make contributions to the loan guarantee fund under RSA 362-C:18, to pay or refund any bonds issued pursuant to this section or interest thereon, or to pay the costs and expenses of the authority. The principal of, and premium, if any, and interest on all bonds shall be payable sole
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362-C:22
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· effective 2027-01-01
section. 362-J:18 Guarantee Fund Established. In order to provide additional security to the state for any loan guarantees made under RSA 362-C:17 and bond guarantees under RSA 362-C:22, there is hereby established a loan guarantee reserve fund, which shall be held by the authority apart from all of its other funds, and which shall be deemed irrevocably pledged to secure all loans guaranteed under RSA
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362-C:8
· reference
· effective 2027-01-01
e authority and to perform its purposes under this chapter, except that the authority may not perform any activity prohibited by this chapter or borrow money except as provided in RSA 362-C:8, VI. 362-J:7 Energy Efficiency Service Area Limited. The authority shall provide energy efficiency services only to distribution customers of retail electric and natural gas public utilities, as public utilities ar
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362-J:15
· reference
· effective 2027-01-01
he plan must set forth the costs and benefits of the authority’s programs that advance the purpose of this chapter. (g) Within 90 days of completion of the annual report under RSA 362-J:15, the executive director shall submit to the board an annual update plan describing any significant changes to the triennial plan related to program budget allocations, goals, targets, performance metrics, program design
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374-F:3
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· effective 2027-01-01
suant to RSA 125-O:23, III for that purpose. 362-J:8 Funding. I. The authority’s energy efficiency budget shall be funded through the system benefits charge established in RSA 374-F:3; the energy efficiency fund established pursuant to RSA 125-O:23; revenues available from wholesale energy and ancillary services markets operated by ISO-NE; local gas distribution adjustment charges, funds granted or s
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382-A
· reference
· effective 2027-01-01
V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received
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541
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· effective 2027-01-01
eated as determining the rights, duties, or privileges of any entity or person. The governor and executive council shall not be required to conduct adjudicative proceedings under RSA 541 in connection with any action taken under this section. 362-J:18 Guarantee Fund Established. In order to provide additional security to the state for any loan guarantees made under RSA 362-C:17 and bond guarantee
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6-C
· reference
· effective 2027-01-01
and up to $25,000,000 plus interest for bonds guaranteed under the bill. The Department further notes that these guarantees would affect the State’s debt limit calculation under RSA 6-C, because guaranteed debt is included in authorized and unissued debt. The Department of Health and Human Services states this bill requires that certain household data be furnished to the Authority related to low incom
RSAs mentioned by this document
- RSA 12-P · DEPARTMENT OF ENERGY
- RSA 21-G · ORGANIZATION OF EXECUTIVE BRANCH
- RSA 6-C · DEBT MANAGEMENT
- RSA 125-O · MULTIPLE POLLUTANT REDUCTION PROGRAM
- RSA 162-A · BUSINESS FINANCE AUTHORITY
- RSA 292 · VOLUNTARY CORPORATIONS AND ASSOCIATIONS
- RSA 362 · DEFINITION OF TERMS; UTILITIES EXEMPTED
- RSA 362-C · REORGANIZATION OF PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
- RSA 374-F · ELECTRIC UTILITY RESTRUCTURING
- RSA 382-A · UNIFORM COMMERCIAL CODE
- RSA 541 · REHEARINGS AND APPEALS IN CERTAIN CASES
- RSA 125-O:23 · Energy Efficiency Fund and Use of Auction Proceeds
- RSA 162-A:17 · State Bond Guarantee
- RSA 162-A:18 · Programs for Public Purpose; Required Findings
- RSA 21-G:21 · Definitions
- RSA 21-G:27 · Supplemental State Agency Ethical Codes
- RSA 362:2 · Public Utility
- RSA 362-C:8 · Rate Design
- RSA 374-F:3 · Restructuring Policy Principles