LD 1634 – LD 1634 – An Act To Create the Maine Clean Energy Fund and To Authorize a General Fund Bond Issue To Capitalize the Fund

Summary: This bill creates the Maine Clean Energy Fund within and with oversight from the Efficiency Maine Trust to support the development of renewable and clean energy technologies and infrastructure through providing financing support including loans, loan guarantees and other financial and risk mitigation products. The fund is administered by a 9-member board of directors consisting of certain government officials and members of the public appointed by the Governor.

This bill also provides for a bond issue in the amount of $100,000,000 to be used to capitalize the Maine Clean Energy Fund.

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