to adopt the amendment to HB 4398, as substitute (H-2).
Representative Steckloff moved to adopt the amendment to HB 4398, as substitute (H-2). The motion did not prevail 12-17-0: UNFAVORABLE ROLL CALL Yeas: Reps. Tate, Hammoud, Peterson, Sabo, Tyrone Carter, Hood, Cynthia Johnson, Brabec, O'Neal, Steckloff, Thanedar, Weiss. Nays: Reps. Albert, Whiteford, Allor, Brann, Hornberger, VanSingel, Yaroch, Bollin, Glenn, Huizenga, Lightner, Maddock, Slagh, VanWoerkom, Beson, Borton, Fink. Pass: None. Representative Hood offered the following amendments to HB 4398, as substitute (H-2): 1. Amend page 25, following line 6, by inserting: Green revolving fund 5,000,000 and adjusting the subtotals, totals, and section 201 accordingly. 2. Amend page 120, following line 10, by inserting: "Sec. 883 (1) The green revolving fund is created within the state treasury. The state treasurer may receive money or other assets from any source for deposit into the green revolving fund. The state treasurer shall direct the investment of the green revolving fund. The state treasurer shall credit to the green revolving fund interest and earnings from green revolving fund investments. (2) Money in the green revolving fund at the close of the fiscal year shall remain in the green revolving fund and shall not lapse to the general fund. (3) From the funds appropriated in part 1 for the green revolving fund, $5,000,000.00 from the state general fund/general purpose is deposited in the green revolving fund created in subsection (1) and is appropriated for energy efficiency and renewable energy projects. (4) The department will provide oversight and direction for the green 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. (5) The department shall set terms with agencies participating in the green 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). The department may enter into a memorandum of understanding to memorialize these terms. (6) Energy savings generated by a project shall be paid to the green 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 green revolving fund are appropriated and may be expended in a manner consistent with the purpose of the fund outlined in subsection (3).".