Colorado 2022 Regular Session

Colorado House Bill HB1381 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-third General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 22-1027.01 Jery Payne x2157
1	8		HOUSE BILL 22-1381
2		-	BY REPRESENTATIVE(S) Titone and McKean, Soper, Amabile, Bacon,
3		-	Bernett, Bird, Carver, Catlin, Cutter, Froelich, Hooton, Jodeh, Kennedy,
4		-	Kipp, Lindsay, Lontine, McCormick, McLachlan, Michaelson Jenet, Ricks,
5		-	Sirota, Snyder, Valdez D., Weissman, Benavidez, Bockenfeld,
6		-	Boesenecker, Duran, Exum, McCluskie, Ortiz, Will;
7		-	also SENATOR(S) Winter and Woodward, Buckner, Coram, Danielson,
8		-	Donovan, Ginal, Hansen, Kolker, Lee, Moreno, Pettersen, Rankin,
9		-	Simpson.
	9	+	House Committees Senate Committees
	10	+	Energy & Environment Finance
	11	+	Finance Appropriations
	12	+	Appropriations
	13	+	A BILL FOR AN ACT
10	14		C
11		-	ONCERNING THE CREATION OF A GEOTHERMAL ENERGY GRANT PROGRAM
12		-	TO FACILITATE THE DEVELOPMENT OF GEOTHERMAL ENERGY
13		-	RESOURCES
14		-	.
15		-
16		-	Be it enacted by the General Assembly of the State of Colorado:
17		-	SECTION 1. In Colorado Revised Statutes, add 24-38.5-118 as
18		-	follows:
19		-	24-38.5-118. Geothermal energy grant program - creation -
20		-	procedures - fund - report - definitions - repeal. (1) Legislative
	15	+	ONCERNING THE CREATION OF A GEOTHERMAL ENERGY GRANT101
	16	+	PROGRAM TO FACILITATE THE DEVELOPMENT OF GEOTHERMAL102
	17	+	ENERGY RESOURCES .103
	18	+	Bill Summary
	19	+	(Note: This summary applies to this bill as introduced and does
	20	+	not reflect any amendments that may be subsequently adopted. If this bill
	21	+	passes third reading in the house of introduction, a bill summary that
	22	+	applies to the reengrossed version of this bill will be available at
	23	+	http://leg.colorado.gov
	24	+	.)
	25	+	The bill creates the geothermal energy grant program (grant
	26	+	program) in the Colorado energy office (office) within the office of the
	27	+	governor. The grant program offers 3 types of grants:
	28	+	! The single-structure geothermal grant, which is awarded to
	29	+	applicants that are constructing new buildings and that are
	30	+	SENATE
	31	+	3rd Reading Unamended
	32	+	May 11, 2022
	33	+	SENATE
	34	+	Amended 2nd Reading
	35	+	May 10, 2022
	36	+	HOUSE
	37	+	3rd Reading Unamended
	38	+	May 2, 2022
	39	+	HOUSE
	40	+	Amended 2nd Reading
	41	+	April 29, 2022
	42	+	HOUSE SPONSORSHIP
	43	+	Titone and McKean, Soper, Amabile, Bacon, Bernett, Bird, Carver, Catlin, Cutter,
	44	+	Froelich, Hooton, Jodeh, Kennedy, Kipp, Lindsay, Lontine, McCormick, McLachlan,
	45	+	Michaelson Jenet, Ricks, Sirota, Snyder, Valdez D., Weissman
	46	+	SENATE SPONSORSHIP
	47	+	Winter and Woodward, Buckner, Coram, Danielson, Donovan, Ginal, Hansen, Kolker,
	48	+	Lee, Moreno, Pettersen, Rankin, Simpson
	49	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	50	+	Capital letters or bold & italic numbers indicate new material to be added to existing statute.
	51	+	Dashes through the words indicate deletions from existing statute. installing a geothermal system as the primary heating
	52	+	system for the building;
	53	+	! The community district heating grant, which is awarded to
	54	+	support ground-source, water-source, or multisource
	55	+	thermal systems that serve more than one building; and
	56	+	! The geothermal electricity generation grant, which is
	57	+	awarded to support the development of geothermal
	58	+	electricity generation and hydrogen generation produced
	59	+	from geothermal energy.
	60	+	The bill sets qualifications, limits, and standards for awarding the grants.
	61	+	A grantee is prohibited from using the money for any purpose not
	62	+	specified in statute or in the grant application. Using the grant money for
	63	+	another purpose subjects the grantee to a civil action seeking repayment.
	64	+	The bill creates the geothermal energy grant fund (fund).The grant
	65	+	money in the fund is allocated in the following percentages:
	66	+	! Up to 40% of the total money in the fund may be awarded
	67	+	in grants for cost-matching public-private partnerships to
	68	+	support the development of geothermal electricity
	69	+	generation and resource development, which may include
	70	+	hydrogen generation produced from geothermal energy;
	71	+	! Up to 60% of the total money in the fund may be awarded
	72	+	in grants for constructing new buildings and remodeling
	73	+	existing buildings using geothermal heating, and one-fourth
	74	+	of the money must be awarded to eligible entities from or
	75	+	projects in low-income, disproportionately impacted, or just
	76	+	transition communities; and
	77	+	! Up to 25% of the total money in the fund may be awarded
	78	+	in grants to support the development of district heating
	79	+	systems in new construction or to retrofit existing
	80	+	buildings.
	81	+	The money in the fund is continuously appropriated to implement
	82	+	the grant program. The state treasurer will transfer $20 million from the
	83	+	general fund to the fund.
	84	+	The office administers the grant program and, in doing so, must
	85	+	develop and apply criteria for evaluating and awarding grant applications
	86	+	that:
	87	+	! Prioritize projects in low-income, disproportionately
	88	+	impacted, or just transition communities; and
	89	+	! Maximize the number of additional projects that would
	90	+	otherwise not occur without grant money.
	91	+	Each grantee must submit an annual report to the office for 2 years
	92	+	following receipt of a grant award. By February 1, 2024, and each year
	93	+	thereafter, the office must submit a report to the transportation and energy
	94	+	committee of the senate and the energy and environment committee of the
	95	+	house of representatives. The report must include:
	96	+	1381
	97	+	-2- ! The grant expenditures;
	98	+	! The percentage of each type of grant awarded;
	99	+	! The total amount of matching funds that grantees provided
	100	+	to receive a grant;
	101	+	! The percentage of grants awarded to and for projects in
	102	+	low-income, disproportionately impacted, or just transition
	103	+	communities; and
	104	+	! To the extent available, the effects of the grants on gas use,
	105	+	electricity use, emissions, and energy costs.
	106	+	Be it enacted by the General Assembly of the State of Colorado:1
	107	+	SECTION 1. In Colorado Revised Statutes, add 24-38.5-113 as2
	108	+	follows:3
	109	+	24-38.5-113. Geothermal energy grant program - creation -4
	110	+	procedures - fund - report - definitions - repeal. (1) Legislative5
21	111		declaration. T
22		-	HE GENERAL ASSEMBLY HEREBY FINDS AND DECLARES THAT :
23		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
24		-	officers and the Governor. To determine whether the Governor has signed the bill
25		-	or taken other action on it, please consult the legislative status sheet, the legislative
26		-	history, or the Session Laws.
27		-	________
28		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
29		-	through words or numbers indicate deletions from existing law and such material is not part of
30		-	the act. (a) THE DEVELOPMENT OF GEOTHERMAL ENERGY RESOURCES IS AN
31		-	AVAILABLE AND PROMISING TECHNOLOGY IN THE TRANSITION FROM FOSSIL
32		-	FUELS TO RENEWABLE ENERGY
33		-	;
	112	+	HE GENERAL ASSEMBLY HEREBY FINDS AND DECLARES6
	113	+	THAT:7
	114	+	(a) T
	115	+	HE DEVELOPMENT OF GEOTHERMAL ENERGY RESOURCES IS AN8
	116	+	AVAILABLE AND PROMISING TECHNOLOGY IN THE TRANSITION FROM FOSSIL9
	117	+	FUELS TO RENEWABLE ENERGY ;10
34	118		(b) T
35		-	HE DEVELOPMENT OF GEOTHERMAL ENERGY RESOURCES ,
36		-	INCLUDING FOR HEATING, COOLING, AND ELECTRICITY GENERATION, HAS THE
37		-	POTENTIAL TO CREATE JOBS AND HELP ADDRESS MOBILITY FOR WORKERS IN
38		-	ENERGY PRODUCTION AND TRANSMISSION
39		-	, ESPECIALLY IN PIPELINE-RELATED
40		-	WORK
41		-	;
	119	+	HE DEVELOPMENT OF GEOTHERMAL ENERGY RESOURCES ,11
	120	+	INCLUDING FOR HEATING, COOLING, AND ELECTRICITY GENERATION, HAS12
	121	+	THE POTENTIAL TO CREATE JOBS AND HELP ADDRESS MOBILITY FOR13
	122	+	WORKERS IN ENERGY PRODUCTION AND TRANSMISSION , ESPECIALLY IN14
	123	+	PIPELINE-RELATED WORK;15
42	124		(c) B
43		-	UILDING NEW GEOTHERMAL SYSTEMS IN HOMES AND
44		-	BUSINESSES WILL PROVIDE A STABLE
45		-	, PREDICTABLE COST TO CONSUMERS ;
	125	+	UILDING NEW GEOTHERMAL SYSTEMS IN HOMES AND16
	126	+	BUSINESSES WILL PROVIDE A STABLE, PREDICTABLE COST TO CONSUMERS;17
46	127		(d) S
47		-	TATE INVESTMENT IS IMPORTANT TO SUPPORT PUBLIC AGENCIES
48		-	IN ENCOURAGING INVESTMENT IN GEOTHERMAL ENERGY FOR HOMES
49		-	,
50		-	BUILDINGS, AND ENERGY PRODUCTION;
51		-	(e) G
52		-	EOTHERMAL ELECTRICITY GENERATION CAN PROVIDE
53		-	OPPORTUNITIES FOR ZERO
54		-	-POLLUTION, RENEWABLE ELECTRICITY
55		-	GENERATION THAT IS NOT INTERMITTENT
56		-	, INCREASING BASELOAD
57		-	RELIABILITY FOR THE ELECTRIC GRID
58		-	; AND
59		-	(f) GEOTHERMAL ELECTRICITY GENERATION MAY BE PAIRED WITH
60		-	ELECTROLYZERS TO GENERATE HYDROGEN FROM WATER
61		-	, PROVIDING
62		-	ADDITIONAL ECONOMIC OPPORTUNITIES AND ZERO
63		-	-POLLUTION FUELS.
	128	+	TATE INVESTMENT IS IMPORTANT TO SUPPORT PUBLIC18
	129	+	AGENCIES IN ENCOURAGING INVESTMENT IN GEOTHERMAL ENERGY FOR19
	130	+	HOMES, BUILDINGS, AND ENERGY PRODUCTION;20
	131	+	1381-3- (e) GEOTHERMAL ELECTRICITY GENERATION CAN PROVIDE1
	132	+	OPPORTUNITIES FOR ZERO -POLLUTION, RENEWABLE ELECTRICITY2
	133	+	GENERATION THAT IS NOT INTERMITTENT , INCREASING BASELOAD3
	134	+	RELIABILITY FOR THE ELECTRIC GRID; AND4
	135	+	(f) G
	136	+	EOTHERMAL ELECTRICITY GENERATION MAY BE PAIRED WITH5
	137	+	ELECTROLYZERS TO GENERATE HYDROGEN FROM WATER , PROVIDING6
	138	+	ADDITIONAL ECONOMIC OPPORTUNITIES AND ZERO -POLLUTION FUELS.7
64	139		(2) A
65		-	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE
66		-	REQUIRES
67		-	:
	140	+	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE8
	141	+	REQUIRES:9
68	142		(a) "F
69		-	UND" MEANS THE GEOTHERMAL ENERGY GRANT FUND CREATED
70		-	IN SUBSECTION
71		-	(7) OF THIS SECTION.
	143	+	UND" MEANS THE GEOTHERMAL ENERGY GRANT FUND10
	144	+	CREATED IN SUBSECTION (7) OF THIS SECTION.11
72	145		(b) "G
73		-	RANT PROGRAM" MEANS THE GEOTHERMAL ENERGY GRANT
74		-	PROGRAM CREATED IN SUBSECTION
75		-	(3) OF THIS SECTION.
	146	+	RANT PROGRAM" MEANS THE GEOTHERMAL ENERGY GRANT12
	147	+	PROGRAM CREATED IN SUBSECTION (3) OF THIS SECTION.13
76	148		(c) "O
77		-	FFICE" MEANS THE COLORADO ENERGY OFFICE.
	149	+	FFICE" MEANS THE COLORADO ENERGY OFFICE.14
78	150		(3) Creation of grant program. T
79		-	HERE IS HEREBY CREATED WITHIN
80		-	THE OFFICE THE GEOTHERMAL ENERGY GRANT PROGRAM TO PROVIDE
81		-	GRANTS TO BUILDING OWNERS
82		-	, DEVELOPERS, LOCAL GOVERNMENTS ,
83		-	PAGE 2-HOUSE BILL 22-1381 GEOTHERMAL INSTALLERS, CONTRACTORS, COMMUNITIES, GAS OR ELECTRIC
84		-	SERVICE PUBLIC UTILITIES
85		-	, OR OTHER ENTITIES APPROVED BY THE OFFICE
86		-	FOR
87		-	:
	151	+	HERE IS HEREBY CREATED15
	152	+	WITHIN THE OFFICE THE GEOTHERMAL ENERGY GRANT PROGRAM TO16
	153	+	PROVIDE GRANTS TO BUILDING OWNERS , DEVELOPERS, LOCAL17
	154	+	GOVERNMENTS, GEOTHERMAL INSTALLERS, CONTRACTORS, COMMUNITIES,18
	155	+	GAS OR ELECTRIC SERVICE PUBLIC UTILITIES , OR OTHER ENTITIES19
	156	+	APPROVED BY THE OFFICE FOR:20
88	157		(a) T
89		-	HE DEVELOPMENT OF GEOTHERMAL ELECTRICITY GENERATION ;
	158	+	HE DEVELOPMENT OF GEOTHERMAL ELECTRICITY21
	159	+	GENERATION;22
90	160		(b) T
91		-	HE INSTALLATION OF GEOTHERMAL EQUIPMENT FOR USE AS THE
92		-	PRIMARY HEATING OR COOLING SYS TEMS IN NEW CONSTRUCTION OR TO
93		-	RETROFIT EXISTING BUILDINGS
94		-	; OR
95		-	(c) THE DEVELOPMENT OF COMMUNITY THERMAL SYSTEMS THAT ARE
96		-	USED IN NEW CONSTRUCTION OR TO RETROFIT EXISTING BUILDINGS
97		-	.
98		-	(4) Grants - limitations - qualifications. T
99		-	HE GRANT PROGRAM
100		-	CONSISTS OF THREE TYPES OF GRANTS
101		-	:
	161	+	HE INSTALLATION OF GEOTHERMAL EQUIPMENT FOR USE AS23
	162	+	THE PRIMARY HEATING OR COOLING SYSTEMS IN NEW CONSTRUCTION OR24
	163	+	TO RETROFIT EXISTING BUILDINGS; OR25
	164	+	(c) T
	165	+	HE DEVELOPMENT OF COMMUNITY THERMAL SYSTEMS THAT26
	166	+	ARE USED IN NEW CONSTRUCTION OR TO RETROFIT EXISTING BUILDINGS .27
	167	+	1381
	168	+	-4- (4) Grants - limitations - qualifications. T HE GRANT PROGRAM1
	169	+	CONSISTS OF THREE TYPES OF GRANTS:2
102	170		(a) T
103		-	HE SINGLE-STRUCTURE GEOTHERMAL GRANT , WHICH IS
104		-	AWARDED TO APPLICANTS THAT ARE CONSTRUCTING A NEW BUILDING
105		-	,
106		-	INCLUDING A SINGLE-FAMILY OR MULTIFAMILY RESIDENCE , AND THAT ARE
107		-	INSTALLING A GEOTHERMAL SYSTEM FOR USE AS THE PRIMARY HEATING AND
108		-	COOLING SYSTEM FOR THE BUILDING
109		-	. A SINGLE-STRUCTURE GEOTHERMAL
110		-	GRANT IS SUBJECT TO THE FOLLOWING LIMITATIONS AND QUALIFICATIONS
111		-	:
	171	+	HE SINGLE-STRUCTURE GEOTHERMAL GRANT , WHICH IS3
	172	+	AWARDED TO APPLICANTS THAT ARE CONSTRUCTING A NEW BUILDING ,4
	173	+	INCLUDING A SINGLE-FAMILY OR MULTIFAMILY RESIDENCE, AND THAT ARE5
	174	+	INSTALLING A GEOTHERMAL SYSTEM FOR USE AS THE PRIMARY HEATING6
	175	+	AND COOLING SYSTEM FOR THE BUILDING . A SINGLE-STRUCTURE7
	176	+	GEOTHERMAL GRANT IS SUBJECT TO THE FOLLOWING LIMITATIONS AND8
	177	+	QUALIFICATIONS:9
112	178		(I) A
113		-	DEVELOPER OR GEOTHERMAL INSTALLER IS ELIGIBLE FOR
114		-	GRANTS FOR THE CONSTRUCTION OF NO MORE THAN ONE HUNDRED
115		-	RESIDENTIAL BUILDINGS
116		-	;
	179	+	DEVELOPER OR GEOTHERMAL INSTALLER IS ELIGIBLE FOR10
	180	+	GRANTS FOR THE CONSTRUCTION OF NO MORE THAN ONE HUNDRED11
	181	+	RESIDENTIAL BUILDINGS;12
117	182		(II) C
118		-	OMMERCIAL BUILDINGS AND STATE AND LOCAL ~~GOVERNMENT~~
119		-	BUILDINGS THAT ARE CONSTRUCTED USING GRANT MONEY MUST MEET ~~THE~~
120		-	STANDARDS OF THE
121		-	~~2021 INTERNATIONAL ENERGY CONSERVATION~~ CODE,
122		-	OR SUBSEQUENT EDITION OF THE CODE ;
	183	+	OMMERCIAL BUILDINGS AND STATE AND LOCAL GOVERNMENT13
	184	+	BUILDINGS THAT ARE CONSTRUCTED USING GRANT MONEY MUST MEET THE14
	185	+	STANDARDS OF THE 2021 INTERNATIONAL ENERGY CONSERVATION
	186	+	CODE,15
	187	+	OR SUBSEQUENT EDITION OF THE CODE ;16
123	188		(III) D
124		-	EVELOPERS, GEOTHERMAL INSTALLERS , OR COMMERCIAL
125		-	BUILDING OWNERS THAT APPLY FOR A GRANT MUST ATTEST THAT THEY WILL
126		-	USE LICENSED PLUMBING OR MECHANICAL CONTRACTORS THAT HAVE AN
127		-	APPRENTICESHIP PROGRAM
128		-	, AS DEFINED IN SECTION 8-83-308 (3)(a);
	189	+	EVELOPERS, GEOTHERMAL INSTALLERS , OR COMMERCIAL17
	190	+	BUILDING OWNERS THAT APPLY FOR A GRANT MUST ATTEST THAT THEY18
	191	+	WILL USE LICENSED PLUMBING OR MECHANICAL CONTRACTORS THAT HAVE19
	192	+	AN APPRENTICESHIP PROGRAM , AS DEFINED IN SECTION 8-83-308 (3)(a);20
129	193		(IV) T
130		-	HE OFFICE SHALL DETERMINE THE AMOUNT OF EACH GRANT
131		-	BASED ON PER
132		-	-TON HEATING CAPACITY AS FOLLOWS ; EXCEPT THAT THE
133		-	OFFICE MAY CHANGE A GRANT AWARD AMOUNT AFTER THE FIRST YEAR IF
134		-	PAGE 3-HOUSE BILL 22-1381 THE OFFICE DETERMINES THAT CHANGES ARE NECESSARY TO ADVANCE
135		-	GEOTHERMAL DEVELOPMENT
136		-	:
	194	+	HE OFFICE SHALL DETERMINE THE AMOUNT OF EACH GRANT21
	195	+	BASED ON PER-TON HEATING CAPACITY AS FOLLOWS ; EXCEPT THAT THE22
	196	+	OFFICE MAY CHANGE A GRANT AWARD AMOUNT AFTER THE FIRST YEAR IF23
	197	+	THE OFFICE DETERMINES THAT C HANGES ARE NECESSARY TO ADVANCE24
	198	+	GEOTHERMAL DEVELOPMENT :25
137	199		(A) A
138		-	NONRESIDENTIAL BUILDING CONSTRUCTED BY A FOR -PROFIT
139		-	ENTITY QUALIFIES FOR UP TO TWO THOUSAND DOLLARS PER TON OF HEATING
140		-	CAPACITY
141		-	;
	200	+	NONRESIDENTIAL BUILDING CONSTRUCTED BY A FOR -PROFIT26
	201	+	ENTITY QUALIFIES FOR UP TO
	202	+	TWO THOUSAND DOLLARS PER TON OF27
	203	+	1381
	204	+	-5- HEATING CAPACITY;1
142	205		(B) A
143		-	NONRESIDENTIAL BUILDING CONSTRUCTED BY A ~~NONPROFIT~~
144		-	ENTITY QUALIFIES FOR UP TO ~~THREE THOUSAND DOLLARS PER TON OF~~
145		-	~~HEATING CAPACITY~~
146		-	;
	206	+	NONRESIDENTIAL BUILDING CONSTRUCTED BY A NONPROFIT2
	207	+	ENTITY QUALIFIES FOR UP TO
	208	+	THREE THOUSAND DOLLARS PER TON OF3
	209	+	HEATING CAPACITY;4
147	210		(C) A
148		-	MULTIFAMILY RESIDENCE CONSTRUCTED BY A FOR -~~PROFIT~~
149		-	ENTITY QUALIFIES FOR UP TO ~~TWO THOUSAND DOLLARS PER TON OF HEATING~~
150		-	~~CAPACITY~~
151		-	;
	211	+	MULTIFAMILY RESIDENCE CONSTRUCTED BY A FOR -PROFIT5
	212	+	ENTITY QUALIFIES FOR UP TO
	213	+	TWO THOUSAND DOLLARS PER TON OF6
	214	+	HEATING CAPACITY;7
152	215		(D) A
153		-	MULTIFAMILY RESIDENCE CONSTRUCTED BY A NONPROFIT
154		-	ENTITY QUALIFIES FOR UP TO THREE THOUSAND DOLLARS PER TON OF
155		-	HEATING CAPACITY
156		-	; AND
157		-	(E) A SINGLE-FAMILY RESIDENCE, INCLUDING A RESIDENCE WITHIN
158		-	A TOWNHOME OR CONDOMINIUM BUILDING
159		-	, QUALIFIES FOR TWO THOUSAND
160		-	DOLLARS PER TON OF HEATING CAPACITY
161		-	; AND
162		-	(V) THE GRANTS ARE SUBJECT TO THE FOLLOWING LIMIT ON THE
163		-	NUMBER OF TONS OF HEATING CAPACITY THAT QUALIFY A BUILDING FOR A
164		-	GRANT
165		-	; EXCEPT THAT THE OFFICE MAY CHANGE THE TONNAGE AMOUNT
166		-	AFTER THE FIRST YEAR IF THE OFFICE FINDS THAT MEETING MARKET
167		-	DEMANDS REQUIRES THE CHANGE
168		-	:
	216	+	MULTIFAMILY RESIDENCE CONSTRUCTED BY A NONPROFIT8
	217	+	ENTITY QUALIFIES FOR UP TO
	218	+	THREE THOUSAND DOLLARS PER TON OF9
	219	+	HEATING CAPACITY; AND10
	220	+	(E) A
	221	+	SINGLE-FAMILY RESIDENCE, INCLUDING A RESIDENCE WITHIN11
	222	+	A TOWNHOME OR CONDOMINIUM BUILDING , QUALIFIES FOR
	223	+	TWO12
	224	+	THOUSAND DOLLARS PER TON OF HEATING CAPACITY ; AND13
	225	+	(V) T
	226	+	HE GRANTS ARE SUBJECT TO THE FOLLOWING LIMIT ON THE14
	227	+	NUMBER OF TONS OF HEATING CAPACITY THAT QUALIFY A BUILDING FOR15
	228	+	A GRANT; EXCEPT THAT THE OFFICE MAY CHANGE THE TONNAGE AMOUNT16
	229	+	AFTER THE FIRST YEAR IF THE OFFICE FINDS THAT MEETING MARKET17
	230	+	DEMANDS REQUIRES THE CHANGE :18
169	231		(A) A
170		-	GRANT FOR A SINGLE-FAMILY RESIDENCE IS LIMITED TO FIVE
171		-	TONS
172		-	; AND
173		-	(B) A GRANT FOR A NONRESIDENTIAL BUILDING IS LIMITED TO ONE
174		-	HUNDRED TONS
175		-	;
	232	+	GRANT FOR A SINGLE-FAMILY RESIDENCE IS LIMITED TO FIVE19
	233	+	TONS; AND20
	234	+	(B) A
	235	+	GRANT FOR A NONRESIDENTIAL BUILDING IS LIMITED TO ONE21
	236	+	HUNDRED TONS;22
176	237		(b) T
177		-	HE COMMUNITY DISTRICT HEATING GRANT , WHICH IS AWARDED
178		-	TO SUPPORT GROUND
179		-	-SOURCE, WATER-SOURCE, OR MULTISOURCE THERMAL
180		-	SYSTEMS THAT SERVE MORE THAN A SINGLE BUILDING
181		-	. APPLICANTS MAY
182		-	APPLY FOR GRANTS FOR A SCOPING STUDY
183		-	, A DETAILED DESIGN STUDY,
184		-	PROJECTS, OR A COMBINATION OF THESE OPTIONS . TEAMS CONSISTING OF
185		-	PAGE 4-HOUSE BILL 22-1381 BUILDING OWNERS, GEOTHERMAL INSTALLERS, PUBLIC UTILITIES, POLITICAL
186		-	SUBDIVISIONS OF
187		-	COLORADO, CONSULTANTS, DEVELOPERS, OR OTHER
188		-	ENTITIES APPROVED BY THE OFFICE ARE ELIGIBLE TO SUBMIT A PROPOSAL
189		-	FOR A SCOPING STUDY OR A DETAILED DESIGN STUDY
190		-	. TO QUALIFY FOR A
191		-	GRANT FOR THE PROJECT
192		-	, AN APPLICANT MUST SUCCESSFULLY COMPLETE A
193		-	STUDY AND SHOW PROOF OF A VIABLE PROJECT
194		-	. A COMMUNITY DISTRICT
195		-	HEATING GRANT IS SUBJECT TO THE FOLLOWING LIMITATIONS AND
196		-	QUALIFICATIONS
197		-	:
	238	+	HE COMMUNITY DISTRICT HEATING GRANT , WHICH IS23
	239	+	AWARDED TO SUPPORT GROUND -SOURCE, WATER-SOURCE, OR24
	240	+	MULTISOURCE THERMAL SYSTEMS THAT SERVE MORE THAN A SINGLE25
	241	+	BUILDING. APPLICANTS MAY APPLY FOR GRANTS FOR A SCOPING STUDY , A26
	242	+	DETAILED DESIGN STUDY , PROJECTS, OR A COMBINATION OF THESE27
	243	+	1381
	244	+	-6- OPTIONS. TEAMS CONSISTING OF BUILDING OWNERS , GEOTHERMAL1
	245	+	INSTALLERS, PUBLIC UTILITIES, POLITICAL SUBDIVISIONS OF COLORADO,2
	246	+	CONSULTANTS, DEVELOPERS, OR OTHER ENTITIES APPROVED BY THE3
	247	+	OFFICE ARE ELIGIBLE TO SUBMIT A PROPOSAL FOR A SCOPING STUDY OR A4
	248	+	DETAILED DESIGN STUDY. TO QUALIFY FOR A GRANT FOR THE PROJECT, AN5
	249	+	APPLICANT MUST SUCCESSFULLY COMPLETE A STUDY AND SHOW PROOF OF6
	250	+	A VIABLE PROJECT. A COMMUNITY DISTRICT HEATING GRANT IS SUBJECT7
	251	+	TO THE FOLLOWING LIMITATIONS AND QUALIFICATIONS :8
198	252		(I) U
199		-	P TO ONE HUNDRED THOUSAND DOLLARS PER PROJECT TO
200		-	CONDUCT A SCOPING STUDY TO DETERMINE IF A COMMUNITY THERMAL
201		-	SYSTEM WOULD HELP LOWER GREENHOUSE GAS EMISSIONS AND PROVIDE A
202		-	REASONABLE
203		-	-COST APPROACH TO HEATING AND COOLING A GROUP OF
204		-	BUILDINGS
205		-	;
	253	+	P TO ONE HUNDRED THOUSAND DOLLARS PER PROJECT TO9
	254	+	CONDUCT A SCOPING STUDY TO DETERMINE IF A COMMUNITY THERMAL10
	255	+	SYSTEM WOULD HELP LOWER GREENHOUSE GAS EMISSIONS AND PROVIDE11
	256	+	A REASONABLE-COST APPROACH TO HEATING AND COOLING A GROUP OF12
	257	+	BUILDINGS;
	258	+	13
206	259		(II) U
207		-	P TO FIVE HUNDRED THOUSAND DOLLARS PER PROJECT TO
208		-	PERFORM A DETAILED DESIGN STUDY EVALUATING ISSUES
209		-	, INCLUDING THE
210		-	FINANCIAL AND LEGAL RESPONSIBILITIES
211		-	, OF THE BUILDING OWNERS THAT
212		-	WISH TO JOIN THE COMMUNITY THERMAL SYSTEM
213		-	; AND
214		-	(III) UP TO FIVE HUNDRED THOUSAND DOLLARS FOR THE
215		-	INSTALLATION OF A COMMUNITY DISTRICT GEOTHERMAL PROJECT THAT
216		-	SERVES MORE THAN ONE BUILDING FROM A SINGLE GEOTHERMAL LOOP
217		-	,
218		-	SUBJECT TO THE FOLLOWING:
	260	+	P TO FIVE HUNDRED THOUSAND DOLLARS PER PROJECT TO14
	261	+	PERFORM A DETAILED DESIGN STUDY EVALUATING ISSUES , INCLUDING THE15
	262	+	FINANCIAL AND LEGAL RESPONSIBILITIES, OF THE BUILDING OWNERS THAT16
	263	+	WISH TO JOIN THE COMMUNITY THERMAL SYSTEM ; AND17 (III) UP TO FIVE HUNDRED THOUSAND DOLLARS FOR THE18
	264	+	INSTALLATION OF A COMMUNITY DISTRICT GEOTHERMAL PROJECT THAT19
	265	+	SERVES MORE THAN ONE BUILDING FROM A SINGLE GEOTHERMAL LOOP ,20
	266	+	SUBJECT TO THE FOLLOWING:21
	267	+	(A) THE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF22
	268	+	THE FIRST MILLION DOLLARS OF THE COSTS OF THE PROJECT ; AND23
	269	+	(B) A BUILDING OWNER, LOCAL GOVERNMENT, DEVELOPER,24
	270	+	UTILITY SERVING THE ADDRESSES, OR GEOTHERMAL INSTALLER SHALL NOT25
	271	+	APPLY FOR MORE THAN TWO GRANTS FOR PROJECT INSTALLATION IN A26
	272	+	SINGLE YEAR.27
	273	+	1381
	274	+	-7- (c) THE GEOTHERMAL ELECTRICITY GENERATION GRANT , WHICH1
	275	+	IS AWARDED TO SUPPORT THE DEVELOPMENT OF GEOTHERMAL2
	276	+	ELECTRICITY GENERATION AND PROJECTS THAT PAIR GEOTHERMAL3
	277	+	ELECTRICITY GENERATION WITH ELECTROLYZERS FOR THE PRODUCTION OF4
	278	+	HYDROGEN FROM GEOTHERMAL GENERATION . A PERSON MAY APPLY FOR5
	279	+	MORE THAN ONE COST -MATCHING GRANT IN A YEAR . A GEOTHERMAL6
	280	+	ELECTRICITY GENERATION GRANT IS SUBJECT TO THE FOLLOWING7
	281	+	LIMITATIONS AND QUALIFICATIONS:8
	282	+	(I) L
	283	+	OCAL GOVERNMENTS, CORPORATIONS, AND GAS OR ELECTRIC9
	284	+	SERVICE PUBLIC UTILITIES ARE ELIGIBLE TO APPLY FOR AND RECEIVE THE10
	285	+	GRANT;11
	286	+	(II) F
	287	+	OR APPLICATIONS FOR A GRANT TO HELP FUND A ST UDY TO12
	288	+	IDENTIFY AND EXPLORE RESOURCES THAT MAY BE SUITABLE FOR13
	289	+	GEOTHERMAL ELECTRICITY GENERATION , COSTING UP TO ONE MILLION14
	290	+	DOLLARS, THE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF15
	291	+	THE STUDY COST; EXCEPT THAT, IF THE PROJECT INCLUDES THE16
	292	+	PRODUCTION OF HYDROGEN FROM ELECTRICITY GENERATED USING17
	293	+	GEOTHERMAL ENERGY , THE OFFICE MAY AWARD A GRANT OF UP TO SIXTY18
	294	+	PERCENT OF THE STUDY COST;19
	295	+	(III) F
	296	+	OR APPLICATIONS FOR A GRANT TO HELP FUND A STUDY TO20
	297	+	IDENTIFY AND EXPLORE RESOURCES THAT MAY BE SUITABLE FOR21
	298	+	GEOTHERMAL ELECTRICITY GENERATION OR HYDROGEN GENERATION22
	299	+	FROM ELECTRICITY GENERATED USING GEOTHERMAL ENERGY , COSTING23
	300	+	MORE THAN ONE MILLION DOLLARS , THE OFFICE MAY AWARD A GRANT OF24
	301	+	UP TO FIVE HUNDRED THOUSAND DOLLARS PER PROJECT ; AND25
	302	+	(IV) F
	303	+	OR PROJECTS THAT CONCERN AN IDENTIFIED POTENTIAL26
	304	+	GEOTHERMAL RESOURCE BUT NEED CONFIRMATION THROUGH DRILLING27
	305	+	1381
	306	+	-8- AND TESTING OR THAT ARE SEEKING TO DEVELOP A PROJECT GENERATION1
	307	+	SITE:2
219	308		(A) T
220		-	HE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF
221		-	THE FIRST MILLION DOLLARS OF THE COSTS OF THE PROJECT
222		-	; AND
223		-	(B) A BUILDING OWNER, LOCAL GOVERNMENT, DEVELOPER, UTILITY
224		-	SERVING THE ADDRESSES
225		-	, OR GEOTHERMAL INSTALLER SHALL NOT APPLY
226		-	FOR MORE THAN TWO GRANTS FOR PROJECT INSTALLATION IN A SINGLE YEAR
227		-	.
	309	+	HE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF3
	310	+	THE FIRST MILLION DOLLARS OF THE COSTS OF THE PROJECT ;4
	311	+	(B) T
	312	+	HE OFFICE MAY AWARD UP TO FIVE HUNDRED THOUSAND5
	313	+	DOLLARS PER PROJECT IN ADDITION TO THE AMOUNT AWARDED IN6
	314	+	SUBSECTION (4)(c)(IV)(A) OF THIS SECTION; AND7
	315	+	(C) A
	316	+	DEVELOPER MAY APPLY FOR NO MORE THAN TWO GRANTS8
	317	+	PER YEAR.9
	318	+	(5) Application. T
	319	+	O RECEIVE A GRANT, A PERSON MUST SUBMIT AN10
	320	+	APPLICATION TO THE OFFICE IN ACCORDANCE WITH THE POLICIES AND11
	321	+	PROCEDURES SPECIFIED BY THE OFFICE.12
	322	+	(6) Use of grants. A
	323	+	GRANTEE SHALL NOT USE THE MONEY13
	324	+	RECEIVED THROUGH THE GRANT PROGRAM FOR ANY PURPOSE THAT IS NOT14
	325	+	SPECIFIED IN SUBSECTION (4) OF THIS SECTION OR IN THE GRANT15
	326	+	APPLICATION. IF A GRANTEE USES GRANT MONEY FOR ANY OTHER16
	327	+	PURPOSE, THE GRANTEE IS SUBJECT TO A CIVIL ACTION TO RECOVER THE17
	328	+	ENTIRE AMOUNT OF THE GRANT AWARD OR THE PORTION OF THE GRANT18
	329	+	AWARD USED FOR THE OTHER PURPOSE .19
	330	+	(7) Fund. (a) (I) T
	331	+	HE GEOTHERMAL ENERGY GRANT FUND IS20
	332	+	HEREBY CREATED IN THE STATE TREASURY . THE FUND CONSISTS OF21
	333	+	MONEY THAT THE GENERAL ASSEMBLY MAY APPROPRIATE OR TRANSFER22
	334	+	TO THE FUND.23
	335	+	(II) T
	336	+	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND24
	337	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE25
	338	+	FUND TO THE FUND.26
	339	+	(III) M
	340	+	ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE27
	341	+	1381
	342	+	-9- OFFICE TO IMPLEMENT THIS SECTION.1
	343	+	(b) G
	344	+	RANTS MADE UNDER THIS SECTION ARE PAID OUT OF THE2
	345	+	FUND.3
	346	+	(c) (I) W
	347	+	ITHIN FIVE BUSINESS DAYS AFTER THE EFFECTIVE DATE OF4
	348	+	THIS SECTION, THE STATE TREASURER SHALL TRANSFER TWELVE
	349	+	MILLION5
	350	+	DOLLARS FROM THE GENERAL FUND TO THE FUND .6
	351	+	(II) T
	352	+	HIS SUBSECTION (7)(c) IS REPEALED, EFFECTIVE JULY 1, 2023.7
	353	+	(8) Administration. (a) T
	354	+	HE OFFICE SHALL ADMINISTER THE8
	355	+	GRANT PROGRAM, AWARD GRANTS AS PROVIDED IN THIS SECTION , AND9
	356	+	DEVELOP POLICIES AND PROCEDURES AS NECESSARY TO IMPLEMENT THE10
	357	+	GRANT PROGRAM.11
	358	+	(b) T
	359	+	HE OFFICE SHALL AWARD GRANTS FROM THE FUND IN12
	360	+	ACCORDANCE WITH THE FOLLOWING PARAMETERS :13
	361	+	(I) U
	362	+	P TO FORTY PERCENT OF THE TOTAL MONEY IN THE FUND MAY14
	363	+	BE AWARDED THROUGH GRANTS TO SUPPORT THE DEVELOPMENT OF15
	364	+	GEOTHERMAL ELECTRICITY GENERATION AND RESOURCE DEVELOPMENT ,16
	365	+	WHICH MAY INCLUDE HYDROGEN GENERATION PRODUCED FROM17
	366	+	GEOTHERMAL ENERGY ;18
	367	+	(II) U
	368	+	P TO
	369	+	EIGHTY PERCENT OF THE TOTAL MONEY IN THE FUND19
	370	+	MAY BE AWARDED AS SINGLE -STRUCTURE GEOTHERMAL GRANTS , AND20
	371	+	ONE-FOURTH OF THE GRANT MONEY AWARDED UNDER THIS SUBSECTION21
	372	+	(8)(b)(II)
	373	+	MUST BE AWARDED TO ELIGIBLE ENTITIES FROM OR PROJECTS IN22
	374	+	LOW-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST TRANSITION23
	375	+	COMMUNITIES, AS THOSE COMMUNITIES ARE DEFINED BY THE OFFICE; AND24
	376	+	(III) U
	377	+	P TO TWENTY-FIVE PERCENT OF THE TOTAL MONEY IN THE25
	378	+	FUND MAY BE AWARDED AS COMMUNITY DISTRICT HEATING GRANTS ,26
	379	+	WHICH MAY INCLUDE:27
	380	+	1381
	381	+	-10- (A) SINGLE-OWNER CAMPUSES;1
	382	+	(B) M
	383	+	EDICAL CAMPUSES;2
	384	+	(C) R
	385	+	ESIDENTIAL CAMPUSES;3
	386	+	(D) M
	387	+	ULTI-OWNER NODES; AND4
	388	+	(E) P
	389	+	UBLIC OR PRIVATE COLLEGE OR UNIVERSITY CAMPUSES .5
228	390		(c) T
229		-	HE GEOTHERMAL ELECTRICITY GENERATION GRANT , WHICH IS
230		-	AWARDED TO SUPPORT THE DEVELOPMENT OF GEOTHERMAL ELECTRICITY
231		-	GENERATION AND PROJECTS THAT PAIR GEOTHERMAL ELECTRICITY
232		-	GENERATION WITH ELECTROLYZERS FOR THE PRODUCTION OF HYDROGEN
233		-	FROM GEOTHERMAL GENERATION
234		-	. A PERSON MAY APPLY FOR MORE THAN
235		-	ONE COST
236		-	-MATCHING GRANT IN A YEAR . A GEOTHERMAL ELECTRICITY
237		-	GENERATION GRANT IS SUBJECT TO THE FOLLOWING LIMITATIONS AND
238		-	QUALIFICATIONS
239		-	:
240		-	PAGE 5-HOUSE BILL 22-1381 (I) LOCAL GOVERNMENTS , CORPORATIONS, AND GAS OR ELECTRIC
241		-	SERVICE PUBLIC UTILITIES ARE ELIGIBLE TO APPLY FOR AND RECEIVE THE
242		-	GRANT
243		-	;
244		-	(II) F
245		-	OR APPLICATIONS FOR A GRANT TO HELP FUND A STUDY TO
246		-	IDENTIFY AND EXPLORE RESOURCES THAT MAY BE SUITABLE FOR
247		-	GEOTHERMAL ELECTRICITY GENERATION
248		-	, COSTING UP TO ONE MILLION
249		-	DOLLARS
250		-	, THE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF THE
251		-	STUDY COST
252		-	; EXCEPT THAT, IF THE PROJECT INCLUDES THE PRODUCTION OF
253		-	HYDROGEN FROM ELECTRICITY GENERATED USING GEOTHERMAL ENERGY
254		-	,
255		-	THE OFFICE MAY AWARD A GRANT OF UP TO SIXTY PERCENT OF THE STUDY
256		-	COST
257		-	;
258		-	(III) F
259		-	OR APPLICATIONS FOR A GRANT TO HELP FUND A STUDY TO
260		-	IDENTIFY AND EXPLORE RESOURCES THAT MAY BE SUITABLE FOR
261		-	GEOTHERMAL ELECTRICITY GENERATION OR HYDROGEN GENERATION FROM
262		-	ELECTRICITY GENERATED USING GEOTHERMAL ENERGY
263		-	, COSTING MORE
264		-	THAN ONE MILLION DOLLARS
265		-	, THE OFFICE MAY AWARD A GRANT OF UP TO
266		-	FIVE HUNDRED THOUSAND DOLLARS PER PROJECT
267		-	; AND
268		-	(IV) FOR PROJECTS THAT CONCERN AN IDENTIFIED POTENTIAL
269		-	GEOTHERMAL RESOURCE BUT NEED CONFIRMATION THROUGH DRILLING AND
270		-	TESTING OR THAT ARE SEEKING TO DEVELOP A PROJECT GENERATION SITE
271		-	:
272		-	(A) T
273		-	HE OFFICE MAY AWARD A GRANT OF UP TO FIFTY PERCENT OF
274		-	THE FIRST MILLION DOLLARS OF THE COSTS OF THE PROJECT
275		-	;
276		-	(B) T
277		-	HE OFFICE MAY AWARD UP TO FIVE HUNDRED THOUSAND
278		-	DOLLARS PER PROJECT IN ADDITION TO THE AMOUNT AWARDED IN
279		-	SUBSECTION
280		-	(4)(c)(IV)(A) OF THIS SECTION; AND
281		-	(C) A DEVELOPER MAY APPLY FOR NO MORE THAN TWO GRANTS PER
282		-	YEAR
283		-	.
284		-	(5) Application. T
285		-	O RECEIVE A GRANT, A PERSON MUST SUBMIT AN
286		-	APPLICATION TO THE OFFICE IN ACCORDANCE WITH THE POLICIES AND
287		-	PROCEDURES SPECIFIED BY THE OFFICE
288		-	.
289		-	(6) Use of grants. A
290		-	GRANTEE SHALL NOT USE THE MONEY RECEIVED
291		-	THROUGH THE GRANT PROGRAM FOR ANY PURPOSE THAT IS NOT SPECIFIED
292		-	PAGE 6-HOUSE BILL 22-1381 IN SUBSECTION (4) OF THIS SECTION OR IN THE GRANT APPLICATION . IF A
293		-	GRANTEE USES GRANT MONE Y FOR ANY OTHER PURPOSE
294		-	, THE GRANTEE IS
295		-	SUBJECT TO A CIVIL ACTION TO RECOVER THE ENTIRE AMOUNT OF THE GRANT
296		-	AWARD OR THE PORTION OF THE GRANT AWARD USED FOR THE OTHER
297		-	PURPOSE
298		-	.
299		-	(7) Fund. (a) (I) T
300		-	HE GEOTHERMAL ENERGY GRANT FUND IS HEREBY
301		-	CREATED IN THE STATE TREASURY
302		-	. THE FUND CONSISTS OF MONEY THAT THE
303		-	GENERAL ASSEMBLY MAY APPROPRIATE OR TRANSFER TO THE FUND
304		-	.
	391	+	HE OFFICE SHALL DEVELOP AND APPLY CRITERIA FOR6
	392	+	EVALUATING AND AWARDING GRANT APPLICATIONS THAT :7
	393	+	(I) P
	394	+	RIORITIZE PROJECTS IN LOW-INCOME, DISPROPORTIONATELY8
	395	+	IMPACTED, OR JUST TRANSITION COMMUNITIES; AND9
	396	+	(II) M
	397	+	AXIMIZE THE NUMBER OF ADDITIONAL PROJECTS THAT10
	398	+	WOULD OTHERWISE NOT OCCUR WITHOUT THE GRANT MONEY .11
	399	+	(9) Reporting. (a) E
	400	+	ACH GRANTEE SHALL SUBMIT AN ANNUAL12
	401	+	REPORT TO THE OFFICE FOR TWO YEARS FOLLOWING RECEIPT OF A GRANT13
	402	+	AWARD. THE OFFICE SHALL DETERMINE THE CONTENTS OF THE REPORT .14
	403	+	(b) O
	404	+	N OR BEFORE FEBRUARY 1, 2024, AND ON OR BEFORE15
	405	+	F
	406	+	EBRUARY 1 EACH YEAR THEREAFTER THROUGH FEBRUARY 1, 2026, THE16
	407	+	OFFICE SHALL SUBMIT A REPORT TO THE TRANSPORTATION AND ENERGY17
	408	+	COMMITTEE OF THE SENATE AND THE ENERGY AND ENVIRONMENT18
	409	+	COMMITTEE OF THE HOUSE OF REPRESENTATIVES , OR ANY SUCCESSOR19
	410	+	COMMITTEE, ON THE GEOTHERMAL ENERGY GRANT PROGRAM . AT A20
	411	+	MINIMUM, THIS REPORT MUST INCLUDE:21
	412	+	(I) T
	413	+	HE TOTAL AMOUNT OF GRANT MONEY AWARDED IN THE22
	414	+	PRECEDING CALENDAR YEAR ;23
305	415		(II) T
306		-	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND
307		-	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE
308		-	FUND TO THE FUND
309		-	.
310		-	(III) M
311		-	ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE
312		-	OFFICE TO IMPLEMENT THIS SECTION
313		-	.
314		-	(b) G
315		-	RANTS MADE UNDER THIS SECTION ARE PAID OUT OF THE FUND .
316		-	(c) (I) W
317		-	ITHIN FIVE BUSINESS DAYS AFTER THE EFFECTIVE DATE OF
318		-	THIS SECTION
319		-	, THE STATE TREASURER SHALL TRANSFER TWELVE MILLION
320		-	DOLLARS FROM THE GENERAL FUND TO THE FUND
321		-	.
322		-	(II) T
323		-	HIS SUBSECTION (7)(c) IS REPEALED, EFFECTIVE JULY 1, 2023.
324		-	(8) Administration. (a) T
325		-	HE OFFICE SHALL ADMINISTER THE GRANT
326		-	PROGRAM
327		-	, AWARD GRANTS AS PROVIDED IN THIS SECTION , AND DEVELOP
328		-	POLICIES AND PROCEDURES AS NECESSARY TO IMPLEMENT THE GRANT
329		-	PROGRAM
330		-	.
331		-	(b) T
332		-	HE OFFICE SHALL AWARD GRANTS FROM THE FUND IN
333		-	ACCORDANCE WITH THE FOLLOWING PARAMETERS
334		-	:
335		-	(I) U
336		-	P TO FORTY PERCENT OF THE TOTAL MONEY IN THE FUND MAY
337		-	BE AWARDED THROUGH GRANTS TO SUPPORT THE DEVELOPMENT OF
338		-	GEOTHERMAL ELECTRICITY GENERATION AND RESOURCE DEVELOPMENT
339		-	,
340		-	WHICH MAY INCLUDE HYDROGEN GENERATION PRODUCED FROM
341		-	GEOTHERMAL ENERGY
342		-	;
343		-	(II) U
344		-	P TO EIGHTY PERCENT OF THE TOTAL MONEY IN THE FUND MAY
345		-	PAGE 7-HOUSE BILL 22-1381 BE AWARDED AS SINGLE -STRUCTURE GEOTHERMAL GRANTS , AND
346		-	ONE
347		-	-FOURTH OF THE GRANT MONEY AWARDED UNDER THIS SUBSECTION
348		-	(8)(b)(II) MUST BE AWARDED TO ELIGIBLE ENTITIES FROM OR PROJECTS IN
349		-	LOW
350		-	-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST TRANSITION
351		-	COMMUNITIES
352		-	, AS THOSE COMMUNITIES ARE DEFINED BY THE OFFICE ; AND
353		-	(III) UP TO TWENTY-FIVE PERCENT OF THE TOTAL MONEY IN THE
354		-	FUND MAY BE AWARDED AS COMMUNITY DISTRICT HEATING GRANTS
355		-	, WHICH
356		-	MAY INCLUDE
357		-	:
358		-	(A) S
359		-	INGLE-OWNER CAMPUSES;
360		-	(B) M
361		-	EDICAL CAMPUSES;
362		-	(C) R
363		-	ESIDENTIAL CAMPUSES;
364		-	(D) M
365		-	ULTI-OWNER NODES; AND
366		-	(E) PUBLIC OR PRIVATE COLLEGE OR UNIVERSITY CAMPUSES .
	416	+	HE TOTAL NUMBER OF GRANTS AWARDED IN THE PRECEDING24
	417	+	CALENDAR YEAR, INCLUDING THE AMOUNT OF EACH GRANT ;25
	418	+	(III) T
	419	+	HE TOTAL AMOUNT OF GRANT MONEY AWARDED TO EACH26
	420	+	GRANTEE IN THE PRECEDING CALENDAR YEAR ;27
	421	+	1381
	422	+	-11- (IV) THE TOTAL AMOUNT OF MATCHING FUNDS THAT GRANTEES1
	423	+	PROVIDED TO RECEIVE A GRANT;2
	424	+	(V) T
	425	+	HE PERCENTAGE OF THE TOTAL AMOUNT OF GRANT MONEY3
	426	+	AWARDED IN THE PRECEDING CALENDAR YEAR THAT WAS AWARDED AS4
	427	+	EACH TYPE OF GRANT DESCRIBED IN THIS SECTION ;5
	428	+	(VI) T
	429	+	HE PERCENTAGE OF THE TOTAL AMOUNT OF GRANT MONEY6
	430	+	AWARDED IN THE PRECEDING CALENDAR YEAR THAT WAS AWARDED TO OR7
	431	+	FOR PROJECTS IN LOW-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST8
	432	+	TRANSITION COMMUNITIES; AND9
	433	+	(VII) T
	434	+	O THE EXTENT AVAILABLE, THE EFFECTS OF THE GRANTS ON10
	435	+	GAS USE, ELECTRICITY USE, EMISSIONS, AND ENERGY COSTS.11
367	436		(c) T
368		-	HE OFFICE SHALL DEVELOP AND APPLY CRITERIA FOR
369		-	EVALUATING AND AWARDING GRANT APPLICATIONS THAT
370		-	:
371		-	(I) P
372		-	RIORITIZE PROJECTS IN LOW-INCOME, DISPROPORTIONATELY
373		-	IMPACTED
374		-	, OR JUST TRANSITION COMMUNITIES; AND
375		-	(II) MAXIMIZE THE NUMBER OF ADDITIONAL PROJECTS THAT WOULD
376		-	OTHERWISE NOT OCCUR WITHOUT THE GRANT MONEY
377		-	.
378		-	(9) Reporting. (a) E
379		-	ACH GRANTEE SHA LL SUBMIT AN ANNUAL
380		-	REPORT TO THE OFFICE FOR TWO YEARS FOLLOWING RECEIPT OF A GRANT
381		-	AWARD
382		-	. THE OFFICE SHALL DETERMINE THE CONTENTS OF THE REPORT .
383		-	(b) O
384		-	N OR BEFORE FEBRUARY 1, 2024, AND ON OR BEFORE
385		-	FEBRUARY 1 EACH YEAR THEREAFTER THROUGH FEBRUARY 1, 2026, THE
386		-	OFFICE SHALL SUBMIT A REPORT TO THE TRANSPORTATION AND ENERGY
387		-	COMMITTEE OF THE SENATE AND THE ENERGY AND ENVIRONMENT
388		-	COMMITTEE OF THE HOUSE OF REPRESENTATIVES
389		-	, OR ANY SUCCESSOR
390		-	COMMITTEE
391		-	, ON THE GEOTHERMAL ENERGY GRANT PROGRAM . AT A
392		-	MINIMUM
393		-	, THIS REPORT MUST INCLUDE:
394		-	PAGE 8-HOUSE BILL 22-1381 (I) THE TOTAL AMOUNT OF GRANT MONEY AWARDED IN THE
395		-	PRECEDING CALENDAR YEAR
396		-	;
397		-	(II) T
398		-	HE TOTAL NUMBER OF GRANTS AWARDED IN THE PRECEDING
399		-	CALENDAR YEAR
400		-	, INCLUDING THE AMOUNT OF EACH GRANT ;
401		-	(III) T
402		-	HE TOTAL AMOUNT OF GRANT MONEY AWARDED TO EACH
403		-	GRANTEE IN THE PRECEDING CALENDAR YEAR
404		-	;
405		-	(IV) T
406		-	HE TOTAL AMOUNT OF MATCHING FUNDS THAT GRANTEES
407		-	PROVIDED TO RECEIVE A GRANT
408		-	;
409		-	(V) T
410		-	HE PERCENTAGE OF THE TOTAL AMOUNT OF GRANT MONEY
411		-	AWARDED IN THE PRECEDING CALENDAR YEAR THAT WAS AWARDED AS EACH
412		-	TYPE OF GRANT DESCRIBED IN THIS SECTION
413		-	;
414		-	(VI) T
415		-	HE PERCENTAGE OF THE TOTAL AMOUNT OF GRANT MONEY
416		-	AWARDED IN THE PRECEDING CALENDAR YEAR THAT WAS AWARDED TO OR
417		-	FOR PROJECTS IN LOW
418		-	-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST
419		-	TRANSITION COMMUNITIES
420		-	; AND
421		-	(VII) TO THE EXTENT AVAILABLE, THE EFFECTS OF THE GRANTS ON
422		-	GAS USE
423		-	, ELECTRICITY USE, EMISSIONS, AND ENERGY COSTS.
424		-	(c) T
425		-	HIS SUBSECTION (9)(c) AND SUBSECTION (9)(b) OF THIS SECTION
426		-	ARE REPEALED
427		-	, EFFECTIVE JULY 1, 2026.
	437	+	HIS SUBSECTION (9)(c) AND SUBSECTION (9)(b) OF THIS12
	438	+	SECTION ARE REPEALED, EFFECTIVE JULY 1, 2026.13
428	439		(10) T
429		-	O THE EXTENT THAT A GAS OR ELECTRIC SERVICE UTILITY
430		-	CONTRIBUTES TO A PROJECT OR PARTNERS WITH AN ELIGIBLE ENTITY
431		-	UNDERTAKING A PROJECT AWARDED UNDER THE GRANT PROGRAM
432		-	, THE
433		-	UTILITY MAY COUNT MASS
434		-	-BASED EMISSIONS REDUCTIONS ASSOCIATED WITH
435		-	THE PROJECT TOWARD COMPLIANCE WITH THE REQUIREMENTS IMPOSED BY
436		-	:
	440	+	O THE EXTENT THAT A GAS OR ELECTRIC SERVICE UTILITY14
	441	+	CONTRIBUTES TO A PROJECT OR PARTNERS WITH AN ELIGIBLE ENTITY15
	442	+	UNDERTAKING A PROJECT AWARDED UNDER THE GRANT PROGRAM , THE16
	443	+	UTILITY MAY COUNT MASS-BASED EMISSIONS REDUCTIONS ASSOCIATED17
	444	+	WITH THE PROJECT TOWARD COMPLIANCE WITH THE REQUIREMENTS18
	445	+	IMPOSED BY:19
437	446		(a) R
438		-	ULES PROMULGATED UNDER SECTION 25-7-105 (1)(e)(X.7);
	447	+	ULES PROMULGATED UNDER SECTION 25-7-105 (1)(e)(X.7);20
439	448		(b) S
440		-	ECTION 40-3.2-108 (3)(b); OR
441		-	(c) ANY SIMILAR GREENHOUSE GAS EMISSION REDUCTION PROGRAM
442		-	OR REQUIREMENT IMPOSED BY RULE OR STATUTE
443		-	.
444		-	PAGE 9-HOUSE BILL 22-1381 SECTION 2. In Colorado Revised Statutes, 24-75-402, add
445		-	(5)(ww) as follows:
446		-	24-75-402. Cash funds - limit on uncommitted reserves -
447		-	reduction in the amount of fees - exclusions - definitions.
448		-	(5) Notwithstanding any provision of this section to the contrary, the
449		-	following cash funds are excluded from the limitations specified in this
450		-	section:
451		-	(ww) T
452		-	HE GEOTHERMAL ENERGY GRANT FUND CREATED IN SECTION
453		-	24-38.5-118 (7).
454		-	SECTION 3. Act subject to petition - effective date. This act
455		-	takes effect at 12:01 a.m. on the day following the expiration of the
456		-	ninety-day period after final adjournment of the general assembly; except
457		-	that, if a referendum petition is filed pursuant to section 1 (3) of article V
458		-	of the state constitution against this act or an item, section, or part of this act
459		-	within such period, then the act, item, section, or part will not take effect
460		-	unless approved by the people at the general election to be held in
461		-	PAGE 10-HOUSE BILL 22-1381 November 2022 and, in such case, will take effect on the date of the official
462		-	declaration of the vote thereon by the governor.
463		-	____________________________ ____________________________
464		-	Alec Garnett Steve Fenberg
465		-	SPEAKER OF THE HOUSE PRESIDENT OF
466		-	OF REPRESENTATIVES THE SENATE
467		-	____________________________ ____________________________
468		-	Robin Jones Cindi L. Markwell
469		-	CHIEF CLERK OF THE HOUSE SECRETARY OF
470		-	OF REPRESENTATIVES THE SENATE
471		-	APPROVED________________________________________
472		-	(Date and Time)
473		-	_________________________________________
474		-	Jared S. Polis
475		-	GOVERNOR OF THE STATE OF COLORADO
476		-	PAGE 11-HOUSE BILL 22-1381
	449	+	ECTION 40-3.2-108 (3)(b); OR21
	450	+	(c) A
	451	+	NY SIMILAR GREENHOUSE GAS EMISSION REDUCTION22
	452	+	PROGRAM OR REQUIREMENT IMPOSED BY RULE OR STATUTE .23
	453	+	SECTION 2. In Colorado Revised Statutes, 24-75-402, add24
	454	+	(5)(vv) as follows:25
	455	+	24-75-402. Cash funds - limit on uncommitted reserves -26
	456	+	reduction in the amount of fees - exclusions - definitions.27
	457	+	1381
	458	+	-12- (5) Notwithstanding any provision of this section to the contrary, the1
	459	+	following cash funds are excluded from the limitations specified in this2
	460	+	section:3
	461	+	(vv) T
	462	+	HE GEOTHERMAL ENERGY GRANT FUND CREATED IN SECTION4
	463	+	24-38.5-113
	464	+	(7).5
	465	+	SECTION 3. Act subject to petition - effective date. This act6
	466	+	takes effect at 12:01 a.m. on the day following the expiration of the7
	467	+	ninety-day period after final adjournment of the general assembly; except8
	468	+	that, if a referendum petition is filed pursuant to section 1 (3) of article V9
	469	+	of the state constitution against this act or an item, section, or part of this10
	470	+	act within such period, then the act, item, section, or part will not take11
	471	+	effect unless approved by the people at the general election to be held in12
	472	+	November 2022 and, in such case, will take effect on the date of the13
	473	+	official declaration of the vote thereon by the governor.14
	474	+	1381
	475	+	-13-