Introduced Version






SENATE BILL No. 374

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 4-4-34.

Synopsis: Green building demonstration projects. Requires the Indiana office of energy development to establish a program for making four demonstration grants to encourage energy efficient construction or rehabilitation. Provides that the demonstration projects must be for the construction or rehabilitation of a building by a public school corporation and a building by a public institution of higher education and the construction of a primary residence and the rehabilitation of a primary residence that are supported by a city or town. Requires an applicant to verify that the applicant's project will generate private spending in the community, create jobs that are not directly created by the project, and result in increased state and local tax revenue. Establishes the amount of each grant amount as the amount necessary to reduce the annual percentage rate for the borrowing necessary to complete the project by one percent. Provides that the office shall use money available to it under the American Recovery and Reinvestment Act of 2009 to make the grants.

Effective: July 1, 2010.





Errington




    January 12, 2010, read first time and referred to Committee on Energy and Environmental Affairs.







Introduced

Second Regular Session 116th General Assembly (2010)


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SENATE BILL No. 374



    A BILL FOR AN ACT to amend the Indiana Code concerning state offices and administration.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 4-4-34; (10)IN0374.1.1. -->     SECTION 1. IC 4-4-34 IS ADDED TO THE INDIANA CODE AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2010]:
     Chapter 34. Green Building Demonstration Projects
    Sec. 1. As used in this chapter, "office" refers to the Indiana office of energy development.
    Sec. 2. The office shall establish a program for making four (4) demonstration grants. The grants must encourage:
        (1) the construction or rehabilitation of two (2) public education buildings, one (1) by a public school corporation and one (1) by an public institution of higher education, that will result in these two (2) buildings being certified under the United States Green Building Council's Leadership in Energy and Environmental Design Green Building Rating System; and
        (2) the construction of a new primary residence and the rehabilitation of an existing primary residence each of which

is supported by a city or town that the office finds will reduce the energy used to heat and cool the residences by at least fifty percent (50%) compared to the average residence in the city or town using a home energy rating system developed by the office.
    Sec. 3. (a) The office shall provide grants under this chapter using money available to the office under the American Recovery and Reinvestment Act of 2009 (P.L.111-5).
    (b) The amount of each grant made for a project under this chapter must be the amount necessary to reduce the annual percentage rate for the borrowing necessary to complete the project by one percent (1%).
    Sec. 4. (a) The office shall establish a written procedure for providing grants under this chapter. The written procedure must include at least the following:
        (1) An application submission, review, and scoring process.
        (2) Those factors that will be used to prioritize projects.
        (3) Procedures that will be used for selecting the four (4) demonstration projects for which grants will be made.
    (b) To apply for a demonstration grant from the fund, an applicant must submit an application that contains at least the following information:
        (1) Final plans and specifications showing that the project will satisfy the energy efficiency requirements of this chapter.
        (2) Independent verification that the project will:
            (A) generate private spending in the community that is at least fourteen (14) times the grant amount;
            (B) create indirect employment of at least fourteen (14) times the number of jobs that are directly created by the project; and
            (C) result in state and local tax revenue that is at least three (3) times the amount of the grant.
        (3) Any other information required by the office in accordance with the written procedure established under this section.
    Sec. 5. The office shall present, before July 1, 2011, a report to the budget committee that describes the four (4) demonstration projects funded by grants made under this chapter.