Establishes requirements for municipal bonds receiving the green bond rating in this state

HB 152 sets rules for municipal bonds seeking "green bond" certification in the state. It requires that at least 85% of the money raised from these bonds fund specific environmentally focused projects, such as renewable energy, pollution control, or sustainable water management. Bonds meeting these standards qualify for state income tax exemption on interest, though this exemption doesn’t apply if bonds finance private projects. To ensure compliance, municipalities must establish a separate protection fund for bondholders and allow state audits to verify proper use of funds.