HP1274
LD 1786
Second Regular Session - 124th Maine Legislature
S "A" to C "A", Filing Number S-510, Sponsored by DAMON
Text: MS-Word, RTF or PDF
LR 2578
Item 5
Bill Tracking Chamber Status

Amend the amendment on page 11 by striking out all of subsection 9 (page 11, lines 8 to 20 in amendment) and inserting the following:

9 Energy infrastructure benefits fund.   To establish an energy infrastructure benefits fund. Except as otherwise provided by Title 35A, section 122, subsection 1C or any other law, including the Constitution of Maine, the fund consists of any revenues derived from the use of state-owned land and assets for energy infrastructure development pursuant to Title 35A, section 122. Each fiscal year, the Treasurer of State shall transfer 50% of revenues collected in the fund to the Efficiency Maine Trust for deposit by the Efficiency Maine Trust Board in program funds pursuant to Title 35A, section 10103, subsection 4 and use by the trust in accordance with Title 35A, section 10103, subsection 4A and 50% of revenues collected in the fund to the Department of Transportation for transportation purposes, including, but not limited to, increasing the energy efficiency of or reducing reliance on fossil fuels within the transportation system. For the purposes of this subsection, "energy infrastructure" and "state-owned" have the same meanings as in Title 35A, section 122, subsection 1.

Amend the amendment on page 11 by striking out all of the 3rd indented paragraph (page 11, line 21 in amendment)

Amend the amendment on page 11 by striking out all of section B-2 (page 11, lines 22 to 39 in amendment)

Amend the amendment on page 12 in section B-5 in subsection 1 in the 6th and 7th lines (page 12, lines 39 and 40 in amendment) by striking out the following: "and the uses of the Transportation Efficiency Fund established in Title 23, section 4210-E"

Amend the amendment on page 13 by striking out all of section B-6 (page 13, lines 12 to 20 in amendment)

summary

The amendment provides that the Treasurer of State shall transfer 50% of revenues collected in the energy infrastructure benefits fund to the Efficiency Maine Trust and transfer the other 50% of the revenues in the energy infrastructure benefits fund to the Department of Transportation for transportation purposes, including, but not limited to, increasing the energy efficiency of or reducing reliance on fossil fuels within the transportation system.


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