§ 9-20A-03. Purpose

Latest version.

   The purpose of the Program is to provide financial assistance in the form of low interest loans to nonprofit organizations, local jurisdictions, and eligible businesses for projects in order to:

   (1) promote:

      (i) energy conservation;

      (ii) the development and use of renewable energy resources in the State;

      (iii) self-sustaining buildings and emergency generating units that use renewable energy resources; and

      (iv) the infrastructure for renewable energy generation in the State;

   (2) reduce consumption of fossil fuels;

   (3) improve energy efficiency; and

   (4) enhance energy-related economic development and stability in business, commercial, and industrial sectors.

HISTORY: 2008, ch. 466, § 2; ch. 467, § 2; 2009, ch. 169.

                    
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