Maine § 35-A §10129 Maine Clean Energy and Sustainability Accelerator (REALLOCATED FROM TITLE 35-A, SECTION 10128)

Maine Statutes

§ 35-A §10129 — Maine Clean Energy and Sustainability Accelerator (REALLOCATED FROM TITLE 35-A, SECTION 10128)

Maine·Title 35-A PUBLIC UTILITIES·Part 8 ENERGY EFFICIENCY·Ch. 97 EFFICIENCY MAINE TRUST ACT

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Establishment. The Maine Clean Energy and Sustainability Accelerator is established under the trust and is administered by the trust as a dedicated, specialized finance program designed to drive private capital into market gaps for goods and services producing low or zero greenhouse gas emissions and use finance tools to mitigate climate change; that does not take deposits; that is funded by government, public, private or charitable contributions as described in subsection 7; and that invests in or finances projects alone or in conjunction with other investors.

3.Mandate. The accelerator shall help this State combat the causes and effects of climate change t

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Establishment.
The Maine Clean Energy and Sustainability Accelerator is established under the trust and is administered by the trust as a dedicated, specialized finance program designed to drive private capital into market gaps for goods and services producing low or zero greenhouse gas emissions and use finance tools to mitigate climate change; that does not take deposits; that is funded by government, public, private or charitable contributions as described in subsection 7; and that invests in or finances projects alone or in conjunction with other investors.
3.
Mandate.
The accelerator shall help this State combat the causes and effects of climate change through the rapid deployment of mature technologies and the commercialization and scaling of new technologies by maximizing the reduction of greenhouse gas emissions in this State for every dollar deployed by the accelerator, including by:
4.
Finance and investment.
The following provisions govern the finance and investment activities of the accelerator.
5.
Zero-emissions fleet and related infrastructure financing program.
The accelerator shall explore the establishment of a program to provide low-interest and zero-interest loans, up to 30 years in length, to any school, municipal planning organization or nonprofit organization seeking financing for the acquisition of zero greenhouse gas emissions vehicle fleets or associated infrastructure to support zero greenhouse gas emissions vehicle fleets.
6.
Project prioritization and requirements.
The following provisions govern project prioritization and requirements.
7.
Administration.
The following provisions govern administration.

Maine § 35-A §10129 (Maine Clean Energy and Sustainability Accelerator (REALLOCATED FROM TITLE 35-A, SECTION 10128)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.