SB 508 – Creates the Office of Administration Energy Conservation Fund

• Sponsor: Holsman
• LR Number: 2359S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 3/10/2015 - Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee
• Journal Page: S531
• Effective Date: August 28, 2015

Current Bill Summary

SB 508 - This act creates the Office of Administration Energy Conservation Fund consisting of 15% of the annual cost of saved energy calculated as set forth in this act. If there is no total cost of saved energy during a year, there shall be no requirement to deposit moneys into the fund. The fund shall be used solely for energy conservation, energy efficiency, and cost-effective cogeneration purposes.

This act is identical to HB 203 (2015).

KAYLA CRIDER