February 11, 2009, Introduced by Reps. Opsommer, Scripps, Terry Brown, Knollenberg and Pearce and referred to the Committee on Energy and Technology.
A bill to amend 1939 PA 3, entitled
"An act to provide for the regulation and control of public and
certain private utilities and other services affected with a public
interest within this state; to provide for alternative energy
suppliers; to provide for licensing; to include municipally owned
utilities and other providers of energy under certain provisions of
this act; to create a public service commission and to prescribe
and define its powers and duties; to abolish the Michigan public
utilities commission and to confer the powers and duties vested by
law on the public service commission; to provide for the
continuance, transfer, and completion of certain matters and
proceedings; to abolish automatic adjustment clauses; to prohibit
certain rate increases without notice and hearing; to qualify
residential energy conservation programs permitted under state law
for certain federal exemption; to create a fund; to provide for a
restructuring of the manner in which energy is provided in this
state; to encourage the utilization of resource recovery
facilities; to prohibit certain acts and practices of providers of
energy; to allow for the securitization of stranded costs; to
reduce rates; to provide for appeals; to provide appropriations; to
declare the effect and purpose of this act; to prescribe remedies
and penalties; and to repeal acts and parts of acts,"
(MCL 460.1 to 460.11) by adding section 6t.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 6t. (1) The commission shall implement a program of loans
to school districts for construction or lease of on-site wind,
solar, or other renewable energy production systems, including
renewable energy production systems capable of redistribution of
electricity through a net metering or other generation arrangement
with an electric utility.
(2) The alternate energy revolving loan fund is created within
the state treasury. The state treasurer may receive money or other
assets from any source for deposit into the alternate energy
revolving loan fund. The state treasurer shall direct the
investment of the alternate energy revolving loan fund and shall
credit to the fund the interest and earnings from fund investments.
Money in the fund at the close of the fiscal year shall remain in
the fund and shall not lapse to the general fund. The commission
shall be the administrator of the fund for auditing purposes.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No.____ or House Bill No. 4242(request no.
01720'09) of the 95th Legislature is enacted into law.