An Act To Create the Maine Clean Energy Fund and To Authorize a General Fund Bond Issue To Capitalize the Fund
Maine Legislature, Session 129, LD 1634
Committee Amendment CA_A_H730 (House)

COMMITTEE AMENDMENT "A "to H.P. 1177, L.D. 1634, Bill, "An Act To 
Create the Maine Clean Energy Fund and To Authorize a General Fund Bond Issue To 
Capitalize the Fund" 
Amend the bill by striking out the title and substituting the following: 
'Resolve, Regarding Maine Climate Council Evaluation of Clean Energy Investment 
and Financing Models' 
Amend the bill by striking out everything after the title and inserting the following: 
'Sec. 1. Maine Climate Council; clean energy investment and financing. 
Resolved: That the Maine Climate Council, established in the Maine Revised Statutes, 
Title 38, section 577-A, directly or through one or more of its working groups, 
established under Title 38, section 577-A, subsection 7, shall: 
1. Research, evaluate and identify the level and types of investment in clean energy 
technology and infrastructure necessary to achieve the State's goals for greenhouse gas 
emissions reduction under the Maine Revised Statutes, Title 38, section 576-A and for the 
increased consumption of electricity from renewable resources under Title 35-A, section 
3210, subsection 1-A. The evaluation must consider, but is not limited to, adaptation 
strategies, decarbonization of electricity supply, transportation, industrial and buildings 
sectors and strategies to address equity and affordability; and 
2. Examine and make policy recommendations regarding funding options, capital 
· requirements and effective financing tools and strategies to support the level and types of 
investment identified in subsection 1. The examination may include, but is not limited to, 
consideration of loan agencies in the State, a public clean energy financing authority or a 
so-called green bank approach, property-assessed clean energy financing models, on-bill 
financing and options other states have used to support decarbonization. 
Sec. 2. Reporting. Resolved: That the Maine Climate Council shall report on its 
activities, findings and recommendations pursuant to section 1 in the update of the state 
climate action plan due December 1, 2020 pursuant to the Maine Revised Statutes, Title 
38, section 577, subsection 1.' 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to H.P. 1177, L.D. 1634 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment replaces the bill with a resolve. The amendment directs the Maine 
Climate Council, established in the Maine Revised Statutes, Title 38, section 577-A, 
directly or through one of its worldng groups to: 
1. Research, evaluate and identify the level and types of investment in clean energy 
technology and infrastructure necessary to achieve the State's goals for greenhouse gas 
emissions reduction and for the increased consumption of electricity from renewable 
resources; 
2. Examine and make policy recommendations regarding funding options, capital 
requirements and effective financing tools and strategies to support the level and types of 
investment identified; and 
3. Repo1t on its activities, findings and recommendations in the update of the state 
climate action plan due December 1, 2020 pursuant to Title 38, section 577, subsection 1. 
FISCAL ~OTE RE~JLJH£D 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 03/05/20 ::Wac 
LD 1634 
LR 9(02) 
An Act To Create the Maine Clean Energy Fund and To Authorize a General Fund Bond Issue To 
Capitalize the Fund 
Fiscal Note for Bill as Amended by Committee Amendment A• ( H • l,?D) 
Committee: Energy, Utilities and Technology 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
Minor cost increase - Highway Fund 
Any additional costs to members of the Maine Climate Council associated with perfo1ming the research and reporting 
the results as required by this resolve are anticipated to be minor can be absorbed within existing budgeted resources. 
LR0009(02) - Fiscal Note - Page 1 of 1