Sec. 16a-38p. Additional funding for renewable energy for combined heat and power projects in state buildings.
Sec. 16a-38p. Additional funding for renewable energy for combined heat and
power projects in state buildings. (a) For the purposes described in subsection (b) of
this section, the State Bond Commission shall have the power, from time to time, to
authorize the issuance of bonds of the state in one or more series and in principal amounts
not exceeding in the aggregate thirty million dollars.
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in
subsection (a) of this section, shall be used by Connecticut Innovations, Incorporated,
for the purpose of funding the net project costs, or the balance of any projects after
applying any public or private financial incentives available, for any renewable energy
or combined heat and power projects in state buildings. The funds shall be made available
through the Renewable Energy Investment Fund, established pursuant to section 16-245n. Eligible state buildings shall be Leadership in Energy and Environmental Design
(LEED) certified or in the process of becoming LEED certified or in the process of
becoming LEED silver rating certified or receive a two-globe rating in the green Globes
USA design program or in the process of receiving a two-globe rating in the Green
Globes USA design program.
(c) All provisions of section 3-20, or the exercise of any right or power granted
thereby, which are not inconsistent with the provisions of this section are hereby adopted
and shall apply to all bonds authorized by the State Bond Commission pursuant to this
section, and temporary notes in anticipation of the money to be derived from the sale
of any such bonds so authorized may be issued in accordance with said section 3-20
and from time to time renewed. Such bonds shall mature at such time or times not
exceeding twenty years from their respective dates as may be provided in or pursuant
to the resolution or resolutions of the State Bond Commission authorizing such bonds.
None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by
or on behalf of the Secretary of the Office of Policy and Management and states such
terms and conditions as said commission, in its discretion, may require. Said bonds
issued pursuant to this section shall be general obligations of the state and the full faith
and credit of the state of Connecticut are pledged for the payment of the principal of
and interest on said bonds as the same become due, and accordingly and as part of the
contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State
Treasurer shall pay such principal and interest as the same become due.
(P.A. 07-242, S. 121; June Sp. Sess. P.A. 07-4, S. 64.)
History: P.A. 07-242 effective July 1, 2007; June Sp. Sess. P.A. 07-4 amended Subsec. (b) to add that eligible state
buildings may be "in the process of becoming LEED silver rating certified or receive a two-globe rating in the Green
Globes USA design program or in the process of receiving a two-globe rating in the Green Globes USA design program",
effective July 1, 2007.