Revise state building energy conservation program

HB 47 revises the State Building Energy Conservation Act, which affects state agencies, the university system, and community college districts concerning energy improvements in state-owned buildings. The bill removes the Department of Environmental Quality's authority to issue energy conservation program bonds. Instead, projects will be funded from the general fund or the energy conservation capital projects account. The Department of Environmental Quality is now authorized to set an annual interest rate, not exceeding 3%, for these projects.