evidence_text: Rep. Manoogian moved to amend the bill as follows:
  
  1. Amend page 24, following line 9, by inserting:
  
  “Energy efficiency revolving fund 5,000,000”
  
  and adjusting the subtotals, totals, and section 201 accordingly.
  
  2. Amend page 128, following line 20, by inserting:
  
  “Sec. 867. (1) The energy efficiency revolving fund is created within the state treasury. The state treasurer may receive money or other assets from any source for deposit into the energy efficiency revolving fund. The state treasurer shall direct the investment of the energy efficiency revolving fund. The state treasurer shall credit to the energy efficiency revolving fund interest and earnings from energy efficiency revolving fund investments.
  
  (2) Money in the energy efficiency revolving fund at the close of the fiscal year shall remain in the energy efficiency revolving fund and shall not lapse to the general fund.
  
  (3) From the funds appropriated in part 1 for the energy efficiency revolving fund, $5,000,000.00 from the state general fund/general purpose is deposited in the energy efficiency revolving fund created in subsection (1) and is appropriated for energy efficiency and renewable energy projects.
  
  (4) MDTMB will provide oversight and direction for the energy efficiency revolving fund and shall coordinate a call for projects and prioritize the award of projects that will contribute to a reduction in the state’s carbon footprint. State administrative costs are to be limited to 10% of the total project cost.
  
  (5) MDTMB shall set terms with agencies participating in the energy efficiency revolving fund program that include the project(s) scope, funding commitments, data collection and reporting requirements, and any other financial terms related to realization of energy savings related to implementation of the project(s). MDTMB may enter into a memorandum of understanding to memorialize these terms.
  
  (6) Energy savings generated by a project shall be paid to the energy efficiency revolving fund in future years by a participating agency in a manner and under the terms determined by the department as described in subsection (5). Funds received in addition to the appropriation in subsection (3) to the energy efficiency revolving fund are appropriated and may be expended in a manner consistent with the purposes of the fund outlined in subsection (3). Funds may only be expended on properties anticipated to remain in the state of Michigan ownership portfolio for the length of time necessary to recover the fund amount invested in the project .
  
  (7) MDTMB shall submit an annual report by December 31 that includes:
  
  (a) A list of all projects funded from this fund.
  
  (b) Amount of monetary and/or efficiency savings realized from the projects.”.
  
  The motion did not prevail and the amendments were not adopted, a majority of the members serving not voting therefor.