Local Environmental Impact Fund; localities to create a permanent and perpetual fund.

Local Environmental Impact Fund. Allows localities to create a permanent and perpetual fund to be known as the Local Environmental Impact Fund. The bill provides that the Fund shall consist exclusively of appropriated local moneys and any gifts, donations, grants, bequests, and other funds received on its behalf and that the Fund is to be created for the purpose of granting funds to residents or locally owned businesses for the mitigation of environmental impacts. Such grants from the Fund shall be used only for the purchase of energy efficient (i) lawn care and landscaping equipment, (ii) home appliances, (iii) HVAC equipment, or (iv) micromobility devices. The Fund shall be administered and managed by the locality.